Janet Yellen's Claims need further investigation
She is correct that lending institutions not subject to the CRA are responsible roughly half of recent subprime originations. However, a substantial portion was originated under CRA. She also provides no evidence that subprime delinquencies are either uniformly distributed or more highly concentrated in the non-CRA lenders. If CRA loans accounted for as few as 15% of subprime loans, they could still be a significant proportion of those in default. She merely asserts that the loans were properly underwritten.