An acorn, as we all know, is a nut. ACORN, however, home to 175,000 nuts, are the seeds, not of mighty oaks, but of political stinkweed, and the sooner they’re eradicated, the better.

Acorn found its way into the mortgage business through the Community Reinvestment Act, the 1977 legislation that community groups have used as a cudgel to force lenders to lower their mortgage ...