Ed Perlmutter actually said...

the book value of the FHA loans under the Bush Administration was terribly in the red; before, under the Clinton Administration, just barely...

you have strong borrowers, where the bulk of your borrowers are above 680 now--to be able to move forward with another mandate.

you are working towards fulfilling that capital-reserve requirement.

That is why this morning I released a draft proposal that makes comprehensive and long overdue reforms that will protect consumers and bring...