Mike Johanns: “The forecasts that you have testified about today I am assuming do not factor in the results of the fiscal cliff that is…”

Thank you, Mr. Chairman.

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 think it would be beneficial.

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.