GARY G. MILLER: “If you look at the design of FHA, they were intended to play a countercyclical role, and in this downturn, that is…”

I have some real concerns with that. I have had a concern with the definition between subprime and predatory for years, and I am glad to see we are going to finally deal with it.

It is essential that Congress fully understand the impact international regulatory standards will have on the competitiveness of U.S. insurers.

For the past century, and through multiple financial crises, the State-based insurance regulatory system in the United States has been successful and has protected policyholders.

I enjoyed your opening statement. You talked about empowering consumers, fair, transparent, and competitive marketplaces, and dealing with bad actors.