I just believe that if we come push to shove, that it is going to be very difficult for the Government not to step in an...
But Secretary Geithner basically says that any Federal guarantee should be priced according to the risk, without any pol...
Before we discuss solutions, I think on this Committee we should first clearly identify the problems we are trying to so...
I hope not.
I mean, you know, if you are getting a big loan, say $700,000 or $650,000, that is a pretty good size loan for the avera...
the mortgage finance system should be, quote, "capitalized sufficiently to withstand losses on defaulting mortgages that...
I think that market should be supported by the private sector. It is $720,000--you are talking about a $900,000 house. I...
Federal housing policies must be adequately assessed, and proper homework must be done before action is taken.
Because we are thinking about the taxpayers right now.
I thought for a long time, before it was all abuse and misused, that securitization was good for America.
I think we are interested in providing opportunities for home ownership. It will not be for everybody.
So you are not advocating here that you want a Government guarantee for everything in the real estate industry bills, ar...
How do we bring back an appetite in the private market for mortgage-backed securities?
But it has not come yet, has it?
Our once dynamic and innovative housing market is now stagnant and damaged, crippled by regulatory uncertainty.
In order for this Committee to reform Fannie Mae and Freddie Mac, it must first understand why those institutions failed...
encouraging low down payment lending is a mistake. It just creates gambling.
I agree with Secretary Geithner that housing finance reform is overdue and should be promptly addressed.
