Will there be private mortgages? Of course, there will. Affordable? I don't know where you live; they are not affordable in most of my district.
Michael Capuano
The Public Record
Mike Capuano is a former U.S. Representative from Massachusetts, serving from 1999 to 2019. A member of the Democratic Party, he represented Massachusetts's 8th congressional district. During his tenure, Capuano was known for his advocacy on issues such as healthcare, education, and civil rights. He served on several committees, including the Transportation and Infrastructure Committee, where he focused on infrastructure development and public transportation improvements in his district.
I want to associate myself with the remarks of Mr. Meeks and Mr. Neugebauer. I do agree with them.
I would like to note that every penny that has been paid back, the government has made a very good profit.
But, as it is currently done, they will not be able to get out of conservatorship because they will still owe us $187 billion at any given time.
I think that is ridiculous. I think FHA should be allowed to draw when they need the money, but should not be required to draw when they do not.
I can't imagine anybody in their right mind would want us to go back to the 2008 standard.
My concern is if you are wrong and it takes 9 months to adjust that problem, then we are possibly on the brink of another economic crisis that could be averted.





