Robert Menendez actually said...

And, of course, those costs would be significant over the life of a loan.

And one of the challenges I see is what if we completely eliminate the GSEs, as some are proposing?

I don't think we should give up on the American Dream of home ownership because of the current housing market setbacks.

Let me ask you, Professor Levitin, in the days before GSEs, loans were generally renewed every 3 to 5--or due every 3 to 5 years and had to ...