"It's in fact mortgage-backed securities that created your next job opportunity because if it were not for mortgage-backed securities being sliced and diced, subprime loans being sliced and diced into traunches of complex derivatives that were being sold and churned in mammoth proportions in our fina..."
"These are appropriate tools in limited circumstances."
"I cannot understand why they would pass an Anti-Predatory Lending Act in the House of Representatives and exclude the reverse mortgage program."
"I think it's important that we get out of Washington and have hearings in the rest of the country."
"So what the bank doesn't want to do because it feels risky, they're more than happy to do when the taxpayers are on the line."
"I'm not a dumb person. I'm pretty smart. I've got a law degree."
"The risk associated with Fannie Mae is the taxpayers' risk."
"I've spent a year and a half trying to completely understand this and this is complicated."
"If we aren't getting good appraisals, we have fraud. If we aren't getting good counseling, we're going to have people that get caught up in situations that they're not prepared to handle."
"HECMs are an increasingly popular way for seniors to access equity in their homes."
"But not by mortgage bankers?"