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“Ain’t I rough enough? Ain’t I tough enough?” Ain't I rich enough? In love enough?” So Mick Jagger sang. This can apply to many parts of life, but in this case it seems that it is not enough for CRA (Community Reinvestment Act) requirements to apply only to depository institutions. CRA battles within the states are alive and well that apply to non-depository, independent mortgage banks, unfortunately. The MBA has a nice write up on the latest state-specific news. In other challenges for our residential lending biz, the controversy in the normally sleepy world of credit and verification costs continues to confront lenders who in turn pass the costs on to borrowers. As lenders received their January invoices, the cost of pulling multiple credit reports for a given applicant is clear, and troubling. Also troubling is this article on how “Equifax Mark Begor presented at a Goldman Sachs conference for investors, and openly told the investors

New yorkUnited statesFreddie macWynn las vegasBill cosgroveJason kwasnyMick jaggerEquifax mark begorAdriana batesCommunity reinvestmentGoldman sachsPlaza national correspondentBroker softwareFederal reserveAgency or nonUnion home mortgage