12/12/2011
https://www.congress.gov...
"Thank you, Mr. Chairman."
"the CBO says keeping the limits would not cost taxpayers one dime because the cost of the defaults are paid by the premium loan fee of 15 basis points per year from the loans that benefit from this."
"under the Emergency Economic Stabilization Act of 2008, you have a statutory responsibility to, quote, 'implement a plan that seeks to maximize assistance for homeowners'--maximize assistance for home..."
"We want to maximize the opportunity for people to be able to mitigate our losses, and in part, that means a robust housing market."