Raise your hand if you are an independent mortgage banker, a residential mortgage real estate investment trust (“mREIT”) or a nonbank investor in residential mortgage loans that would like to be subject to additional federal government supervision of your entire operations, not just the nuts and bolts of your mortgage lending, servicing or whole loan purchase business. Raise both hands if you also would like to be subject to prudential standards. And, in either case, you would not be entitled to any of the substantive benefits of being a federally-chartered bank. I suspect that no one raised either hand and that is not surprising given the level of federal and state regulation of the residential mortgage business.