Mortgage bankers (i.e., bagmen for the brokers) would get involved briefly, just long enough to write the mortgages and flip them to get their capital back. But

Mortgage bankers (i.e., bagmen for the brokers) would get involved briefly, just long enough to write the mortgages and flip them to get their capital back. But the CRA didn't regulate mortgage banks, only actual retail banks with FDIC-insured deposits. And if it had it still wouldn't have required the laughable lending standards they held (because they knew the risk wouldn't be theirs).