GARY G. MILLER: “For far too long, we have accepted the notion that compassion in housing assistance was defined by the amount of dollars…”

Yet, by requiring this Davis-Bacon mandate, we are beating up the price of apartments and condos and townhomes by 20 to 25 percent.

I applaud you all for your effort. It is working. You are talking about it today. You started the testimony today about how the numbers are decreasing.

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.

While a hybrid public-private model for Freddie and Fannie was fundamentally flawed, our focus should be a viable secondary mortgage market with sound underwriting principles.