Because the FHA is self-funded. It is not funded by the government just putting money into it just so that they can do other mortgages. It is self-funded and it is an insurance program. Now, we haven't been able to use it because it has been so capped in the amount of what they can do.
Discussing the funding and limitations of the FHA during a floor speech.
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I really appreciate that. Thank you. You were great as chairman, great as ranking member, and I think education is where it all starts in this most important committee. Thank you.
Thank you. I yield 1 minute to Mr. Yoder. Congratulating Kansas House Speaker Michael O'Neal
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