12/14/2011
https://www.congress.gov...
"the cost is far greater to the country for somebody to default on the loan and have it foreclosed on than it ever would be a loss to help them stay in the house."
"There are 10,900,000 American homeowners who are underwater right now today."
"If QRM stays the way it is, and it only applies to loans with 20 percent down or more... it greatly eliminates the amount of 90 and 95 percent conventional financing."
"We will never get our job market back until construction comes back."