12/05/2011
https://www.congress.gov...
"Our once dynamic and innovative housing market is now stagnant and damaged, crippled by regulatory uncertainty."
"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.""
"I think we are interested in providing opportunities for home ownership. It will not be for everybody."
"I hope not."