I know that prices, home prices, are low, and interest rates are about as low as they get.
I appreciate moral hazards as much as anyone else. I think there are moral issues into how people were led into mortgage products they shoul...
we do not need more piling on. We need to incentivize the market, not de-incentivize it.
I think the way you have to deal with negative equity is by doing principal reductions.
Right now, who is the biggest holder of this liability? It is all of us as Federal taxpayers through the GSEs and the FHA?
Well, I guess that the conservatorship would have to look at what it is going to get at the end of the day if people default, what is the re...
I also think that when you say 20 percent, it seems to me that the broader criteria of determining the lending criteria is important.
The Chair has been extremely liberal here
we get this housing market moving again.
Thank you very much, Mr. Nielsen.
The Menendez proposal has a similar intention.