Susan Collins actually said...

"A financially sound FHA is an essential component in the recovery of the housing market."

"The Administration has made several announcements regarding existing housing programs, yet there is much more that must be done to stabilize the housing market and reinvigorate private sector particip..."

"It's important because it provides mortgage insurance for the construction of multifamily housing, hospitals, healthcare facilities."

"Eventually, FHA should play a more limited role, in my judgment, in the mortgage market and help encourage the private sector to reassert its primacy."