Melvin Watt: “Thank you for convening this important hearing--maybe among the most important hearings we could be having.”

What was needed in this industry was somebody to make responsible decisions and not let access overburden safety and soundness.

I want to be clear that the reason I would not raise my hand is because I would not make a unilateral decision.

As I have no further speakers, I urge my colleagues to support this bipartisan, commonsense bill, and I yield back the balance of my time.

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