11/02/2011
https://www.congress.gov...
"The latest actuarial report states that FHA's capital ratio is only 0.24 percent. Mighty low."
"Do you share my overall concern about the solvency of FHA, which is under your jurisdiction?"
"Do you think that a 2-percent capital requirement is adequate--because we are a long way from 2 percent--to protect the taxpayers from bailing out FHA in the future?"
"I think it is disappointing that 4 years after the bursting of the housing bubble, the Committee has still not produced comprehensive housing legislation."