I will tell the gentleman, this is an extremely important inquiry. The intent of the legislation is to cover individual private primary mortgage insurance covering individual loans and not insurance for an entire pool of mortgages. The reason it is important that pool insurance not be covered is that it allows mortgages with PMI to be intermingled in the secondary market with those without, thus providing more flexibility in their securitization and lower cost for the homeowner.
James A. Leach: “I will tell the gentleman, this is an extremely important inquiry. The intent of the legislation is to cover individual…”
Editor's note · Context
Discussing the implications of legislation on private mortgage insurance.
Share
More from James A. Leach
at issue in this case are Colombia priorities, but in a different sense than is usually assumed. The priority debate today is not about whether stemming the drug trade is appropriate, but the methodology of going about it. Quasi-military…
last week the House entertained 10 hours of debate on the Iraq war. The unamendable resolution which formed the basis of the debate was a partisan measure crafted to be a simple endorsement of our troops, a subject upon which all Americans…
First, I want to concur in the sentiments of my good friend, the gentleman from American Samoa (Mr. Faleomavaega) with regard to the professionalism of the staff on Capitol Hill. Prior to yielding back my time, I would like to specifically…
this spring I voted against the war in Iraq for a number of reasons. Principally I was concerned that intervention would prove counterproductive. But all of us must recognize that both Houses of Congress by majority vote authorized this…





