Political Quotes

On the recordApril 12, 2010
And is it true that, as shown in Exhibit 37, at times, 95 percent of WaMu's Option ARM borrowers were making minimum payments, which led to no or negative amortization?
Said by
Carl Levin
Democratic · Michigan

Editor's note · Context

Levin highlights the high percentage of borrowers making minimum payments, raising concerns about amortization.

Share

More from Carl Levin

Feb 5, 2021

This amendment undermines the core premises behind the National Apprenticeship Act of 2021, which would create 1 million more registered apprenticeship, pre- apprenticeship, and youth apprenticeship opportunities over the next 5 years…

govinfo.gov
Dec 8, 2020

I thank the gentleman for yielding. I thank the majority leader for organizing this Special Order. Mr. Speaker, I rise to speak for Senator Sarbanes' employees, and especially for my sister-in-law Nellie Freeman, who worked for Paul…

govinfo.gov
Nov 20, 2020

I would inquire if I have time remaining or has my time expired. The SPEAKER pro tempore. The time of the gentleman from Michigan has expired. The SPEAKER pro tempore. Pursuant to House Resolution 1224, the previous question is ordered on…

govinfo.gov
Jul 30, 2020

I thank the gentleman for yielding the time. I rise in support of this en bloc package, which includes three of my amendments. My first amendment prioritizes funding to support labor reforms in Mexico that will improve Mexican and U.S…

govinfo.gov

Other voices in this conversation