If we are talking about FHA as a countercyclical force, what, in fact, we saw in the early part of the 2000s, and leading up to the crisis, was FHA following the market as-- and racing to the bottom in terms of underwriting standards.
McHenry criticizes FHA's underwriting standards leading up to the financial crisis.
Share
More from Pat McHenry
I thank the Chair, and I thank the panel for being with us today to continue our investigation of the poisonous culture at the FDIC.
When do you think we will have a proposed rule to rescind the CDD requirement?
a family of four is paying $15,000 more per year just to purchase the same goods and services compared to the day President Biden took office.
Other voices in this conversation
