Let me bring up one point that you mentioned. Open debate. Wouldn't that be a novelty here in this House? It would be nice to offer an amendment, to be able to open the debate. And the fact that the negotiations on this bill has gone on between Democratic House Members and Republican Senate Members. They have not even opened up a dialogue with the chairmen of Energy and Commerce or of Ways and Means to look at pay-fors for this bill.
Discussing the lack of open debate and dialogue on a bill in the House.
Share
More from Lynn A. Westmoreland
Is the Consumer Financial Protection Bureau going to regulate these banks that are doing that, or are you all going to continue to regulate them, as far as consumer protection?
Instead of focusing on fundamentals like shrinking their portfolio, reducing risk, and charging a premium that is in line with risk, FHA has advanced a policy that can only be described as out of bounds from its original intent.
We need to be giving an IQ test to some of these people at the CFPB who are making up these rules, who have never sold a piece of real estate.
The FHA is insolvent. If FHA were a private mortgage insurance company or one of my community banks, it would have failed a long time ago.
Other voices in this conversation
