John Sarbanes: “Through our subsidiary, LaSalle Talman Home Mortgage Corporation, we are the largest residential mortgage lender in both…”

“Through our subsidiary, LaSalle Talman Home Mortgage Corporation, we are the largest residential mortgage lender in both the Chicago metropolitan area and the state of Illinois. . . . CRA has proved to be a positive force here in Chicago. It has been the instrument that has provided millions of dollars in investment that has financed home purchase, rehabilitation and home improvement, and new construction in once underserved communities. CRA is not bad business or 'have to' business. CRA allows discretion and choice to the lender. It allows for reasoned negotiation and workable solutions. It has provided a forum where financial institutions, corporations, and community organizations can work in a spirit of cooperation to meet community credit needs. The objective is to meet these community credit needs. We have discovered now a path down which we can go and which, in the course of meeting the community needs, the financial institutions benefit and profit from it.”