NEW YORK -- A nationwide, grass-roots organization hopes to spur increased community reinvestment lending by creating a secondary market in loans to low-income and minority borrowers.

"We want to create a mortgage-backed security that really goes beyond what is available today," said Bertha Lewis, the Brooklyn-based director of loan counseling for the Association of Community Organizations for Reform Now (ACORN).

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.