Political Quotes

Ed Royce: one of the reasons that the private securitization market is not properly functioning is because the government is…

On the recordApril 23, 2013
one of the reasons that the private securitization market is not properly functioning is because the government is crowding out the private market through loan programs that make 90 percent of borrowers eligible for a below-market-rate government-guaranteed mortgage loan.
Said by
Ed Royce
Republican · California

Editor's note · Context

Royce discusses government programs hindering private mortgage market competition.

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