John Carney actually said...

If there were no GSEs and there was no FHA across the country, my mortgage rates would be through the roof.

Emphasizes the importance of government programs for affordable mortgages.

03/12/2013

More John Carney Quotes

What about this access to some of the Federal programs?

Nobody should have access to credit denied or put at a higher price because of their ethnic background.

So I appreciate your attention to that.

It is absolutely critically important that we get it right, that we are careful. Otherwise, as you said, we could ruin the financial system.