TO TARHEELBYBIRTH:
I want to make sure to REALLY, REALLY shine a light on this. I'm not above copying and pasting myself. Hell, I'll do it just to save the typing time. I just haven't ever denied doing so when someone pointed it out. Note below:
http://www.frbsf.org/community-development/files/expanding_cra_to_all_financial_institutions1.pdf
From the article link below above:
"It is also significant that 50 percent of subprime loans were made by mortgage service companies not subject to comprehensive federal supervision including the CRA and another 30 percent were made by affiliates of banks or thrifts which are no subject to routine supervision or examinations."
YOUR QUOTE:
"Furthermore, 50% of subprime loans were made by mortgage service companies not subject to comprehensive federal supervision and another 15%-30% were made by affiliates of banks or thrifts which are not subject to routine supervision or examinations.
Case closed. The quotes can be found on more than just the site that I listed by the way.