Federal Deposit
Insurance Corporation

From: neil174@aol.com [mailto:neil174@aol.com]
Sent: Friday, October 15, 2004 12:16 PM
To: Comments
Subject: Save the Community Reinvestment Act

Mr. Feldman:

I am a mortgage banker for 30 years and without CRA I can tell you that billions of dollars would not have been lent in the state of NJ were I live and work. There are alot of small banks (under 1 billion in assets) in NJ, and as a mortgage banker I sell CRA loans to many of them so that they can achieve their community lending goals. Without CRA regulations there is no doubt in my mind that those loans would never have been made. Whatever the cost CRA works. Thank You, Neil W. Grote

neil grote
1150 Raritan Road
Suite 206
Cranford, New Jersey 07090