James Carr

James H. Carr is the chief business officer for the National Community Reinvestment Coalition.

Recent Articles

Reform that Hurts Homebuyers

The 2010 Dodd-Frank Act is designed to purge unfair, deceptive, and exploitive financial products and practices from the financial markets. Included in the law is a provision not well known to the general public that could dramatically reduce availability of home-mortgage credit in America. The new law requires that mortgage firms hold a 5 percent share of the risk in loans they originate before the loans can be securitized or sold on the secondary market.