Richard Shelby actually said...

"We are all going to be better off if we can get housing back moving again."

"Given the undeniable role that the housing market played in the economic crisis, the Committee, I believe, must continue to monitor this significant sector."

"Based on current projections and absent any catastrophic home price decline, FHA will not need to ask Congress and the American taxpayer for extraordinary assistance. There is no need for any 'bailout..."

"I think this is an important point. Ensuring proper underwriting standards and not exposing consumers to mortgages they cannot afford, cannot pay, that does not provide home ownership."