Frank Lautenberg actually said...

Will FHA consider changing its policy so it can start insuring loans on properties that are restricted for low- and moderate-income homeowne...

So FHA essentially writes off the loss from what may have been a subprime loan, and that's FHA's responsibility, is it not?

The agency has become a life raft in a sea of debt for current homeowners looking to refinance into a fixed-rate mortgage.

The regulations were there to prevent that from happening before the crisis began developing?