06/01/2009
https://www.congress.gov...
"We would have liked to have gotten it in along with our bill, into the continuing resolution that was passed."
"A financially sound FHA is an essential component in the recovery of the housing market."
"It is troubling that year after year, the FHA is unable to meet its statutory requirement of maintaining a 2 percent capital reserve ratio."
"Thank you very much, Madam Chairman. Thank you for holding this important hearing on the Federal Housing Administration and the future of the housing finance market."