Our second point is a matter of the originating entity. When considering the potential role of the CRA in the current mortgage crisis, it is important to account for the originating party. In particular, independent nonbank lenders, such as mortgage and finance companies and credit unions, originate a substantial share of subprime mortgages, but they are not subject to CRA regulation and, hence, are not directly influenced by CRA obligations.http://news.investors.com/ibd-editorials-perspective/122012-...Lenders not subject to the CRA, such as subprime giant Countrywide Financial, still fell under its spell. Regulated by HUD, Countrywide and other lenders agreed to sign contracts with the government supporting such lending under threat of being brought under CRA rules."Countrywide can potentially help you meet your CRA goals by offering both whole loan and mortgage-backed securities that are eligible for CRA credit," the lender advertised to banks.Housing analysts say the CRA is the central thread running through the subprime scandal — from banks and subprime lenders to Fannie and Freddie to even Wall Street firms that took most of the heat for the crisis.Obama officials, who are cracking the CRA whip anew against banks, insist the law played no role in the mortgage meltdown."CRA loans performed substantially better than subprime loans, and the CRA has been around for decades," argued senior Justice Department official Thomas Perez.------------------------------------------------------You could work for Obama CC.......exactly. Read Reckless Endangerment and get back to me. Mozillo was buddies with Johnson at Fannie Mae. Johnson seeked him out to feed him loans.