Mike Johanns: “A nationalized housing market with an implicit Government guarantee, I would argue, is not good government.”

Somehow we have got to figure out a better way, because at the most important time in this person's life, when they are crying out for help, it should be a simple, straight-forward pathway to access that help.

But to anyone who might be listening in who is wondering if is it time to give up, it is not.

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.

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