The long-term challenges we are facing – and not just in Ireland but across the European Union (EU) and beyond – require long-term thinking about the growth and resilience of our economic capital. And the nature of those challenges also requires more integrated and multi-disciplinary thinking. None of the individual stocks of capital exist in in a vacuum.
The NWA has partnered with many CRA-covered banking institutions to originate and hold mortgages made predominantly to lower-income borrowers and neighborhoods. So, to the extent that such loans are representative of CRAlending programs in general, the performance of these loans is helpful in understanding the relationship between the CRA and the subprime crisis.