All Quotes

I think that it is wonderful to have you all as a research brain trust.

I certainly won't argue with you, because I am just glad to see that you are working on possible ways to utilize the facility and infrastructure.

I appreciate the fact that you are thinking broadly and thinking of ways to be able to keep the facility working.

If we ever want to harness the wind off of our shores, it has to be through an investment tax credit.

Obviously, $943 million is a lot of money and is of great concern to us, or to me.

Excuse me for interrupting. But if in January of last year you had started the rulemaking on this, you would be probably done now or close to it.

In order to avoid this problem, could HUD require lenders to set up an escrow account...

It's too soon to tell.

We'd lose those jobs. We'd lose that economic activity.

I just think, even though it's faster if you get the mortgagee letter approach approved by us, you know what the legislative processes can be like. It's not pretty these days.

Why is your rulemaking so slow? I assume you follow the APA the way any other agency would.

We would have liked to have gotten it in along with our bill, into the continuing resolution that was passed.

A financially sound FHA is an essential component in the recovery of the housing market.

It is troubling that year after year, the FHA is unable to meet its statutory requirement of maintaining a 2 percent capital reserve ratio.

Thank you very much, Madam Chairman. Thank you for holding this important hearing on the Federal Housing Administration and the future of the housing finance market.

These are difficult choices, and we're forced to choose between very unattractive options.

That's a very disturbing list of airports, because that suggests a widespread problem and with real money, hundreds of millions of dollars.

I would encourage you to go back and take another really close look at your budget.