01/24/2018
https://www.congress.gov...
"It is important to note that 25 to 27 percent of all homeowners have little to no equity."
"It is not the time for the Government to constrict availability of mortgage capital for people who are qualified to buy houses because of a limitation on those loan limits."
"And one of the challenges I see is what if we completely eliminate the GSEs, as some are proposing?"
"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 be refinanced all the time because lenders were not willing ..."