Mike Johanns: “I do not think at the end of the day that most people on Wall Street are competent to be a rating agency.”

I will continue to push this legislation, but many of its provisions are things that HUD has the flexibility to implement on its own.

Our job is to try to figure out how we deal with that puzzle, that very difficult issue of how to provide services to people who need it.

I just hope we are not over-engineering something here.

It is Congress who will create the next housing finance system and that the next housing finance system is not the conservatorship of the FHFA.