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New York State Considers Expanding CRA Law to Cover Nonbank Mortgage Lenders

New York State Considers Expanding CRA Law to Cover Nonbank Mortgage Lenders

by Phil Hall | Dec 18, 2024 | Current News & Events, Market Snapshot, Mortgage Information, Real Estate News, WRE News Exclusive

The New York State Department of Financial Services (DFS) is proposing to expand the state’s version of the Community Reinvestment Act (CRA) to include nonbank mortgage lenders. DFS Superintendent Adrienne A. Harris raised the idea by pointing to the increased...

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