06/05/2012
https://www.congress.gov...
"the mortgage finance system should be, quote, "capitalized sufficiently to withstand losses on defaulting mortgages that would result if house prices declined by, say, 25 percent.""
"Our once dynamic and innovative housing market is now stagnant and damaged, crippled by regulatory uncertainty."
"But it has not come yet, has it?"
"How do we bring back an appetite in the private market for mortgage-backed securities?"