Political Quotes

Jeff Merkley: “So I was doing a little back-of-the-envelope number here, and I think you found in the vicinity of a 0.02-percent…”

On the recordMarch 28, 2011
So I was doing a little back-of-the-envelope number here, and I think you found in the vicinity of a 0.02-percent increase in the default rate.
Said by
Jeff Merkley
Democratic · Oregon

Editor's note · Context

Merkley discusses the minimal impact of down payment increases on mortgage default rates.

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