On the recordApril 9, 2013
If you look at the design of FHA, they were intended to play a countercyclical role, and in this downturn, that is exactly what they did as the private market withdrew, they moved in.
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congress.govGARY G. MILLER: “If you look at the design of FHA, they were intended to play a countercyclical role, and in this downturn, that is…”
Editor's note · Context
Miller discusses FHA's role during economic downturns and its impact on the housing market.
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