09/15/2009
https://www.congress.gov...
"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..."
"Clearly, the fee is meant to ensure that the borrower is the one who bears the burden, not the entities."
"But if that answer you gave Senator Reed, that a robust housing market is ultimately going to place the taxpayers in a better position, why is it that you view so narrowly the ability to think a littl..."