I want the gentleman to explain to me, if this is the kind of housing that we have with a goal of providing decent and affordable housing, what kind of housing does the gentleman think we will have if we have no goal, and we do not even have a policy statement on the issue?
Questioning the effectiveness of housing policies during a debate.
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More from Melvin Watt
Congress has given us this mandate: Do lending, back loans that are safe and sound, and provide liquidity in the market.
I think the 30-year fixed-rate mortgage has become a standard for American homeowners, and it is important to retain that.
This is in line with my consistently repeated belief that it is the role of Congress, not FHFA, to decide on housing finance reform.
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