Michael Capuano actually said...

And to think that you have to get to 2 percent immediately would--you could try to get there in a month by raising your premium to 28 percent instead of point whatever percent, and then nobody--you would kill the program.

Context

Capuano discusses the impracticality of immediately reaching the 2 percent reserve requirement for FHA.

02/10/2015

https://congress.gov...

More Michael Capuano Quotes

I am looking to somehow find a balance to actually make progress on infrastructure in a way that is environmentally sensitive.
2/12/2013
We don't want to turn it into the American nightmare by having policy at the Federal level that infringes... on the rights of the people.
2/5/2013
The important thing here is that homeownership is an important part of the American dream.
2/5/2013
I think that we need to be a little careful with some of the rhetoric.
2/5/2013

View All Michael Capuano Quotes