FDIC Federal Register Citations

Ivan Hernandez
2075 Rentfrow Ave
Las Cruces, NM 88001

October 8, 2004

FDIC FDIC

Dear FDIC FDIC:

Mr. Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 17th St. NW 20429

RE: RIN 3064-AC50

Dear Mr. Feldman:

I'm not going to send you the traditional e-mail that goes over all the specific jargon fwhy wakening CRA requirements for banks is not a good thing, instead I’d like to tell you a story. I understand that if we all lived in a perfect world there would be no need for any of these requirements. But, unfortunately we don't. I work in a community that looks like a third world country. These areas of our country are known as "colonias". One day I made an appointment with the VP of the largest local bank and asked her if she could tell me what type of first time homebuyer programs they had. And if they did not have any, how we could work together to come up with some. I will never forget her response to me. "We don't do them loans, them loan take too long, there is no profit" I said thank you, and quietly stepped out. Now, with that type of attitude do you fell we are ready to lessen the CRA requirements? Sir, I need your help! Without these regulations supporting my efforts what am I to do? I would love for you to come out to my part of the country and see first hand what we face in these communities. And if the new CRA proposals do get passed, I'd like you to explain to the families and children that will be affected why it is that our government does not see the need to support the citizens of these communities.

Sincerely,
Ivan C Hernandez