Melvin Watt: “I think we have erred way on the side of criminalizing things that could be more appropriately handled...”

I would certainly emphasize that if anybody here has the notion that I believe that I am above the law, they should dissuade themselves of that notion.

I think the 30-year fixed-rate mortgage has become a standard for American homeowners, and it is important to retain that.

I am not above the law. I don't believe that I am above the law.

I took a lot of heat for reinstating it. But it was a statutory mandate, and I did not see a reason not to follow the statute.