Jeff Merkley actually said...

"your analysis did not make one of the most fundamental distinctions, that is, between folks who have mortgage insurance and people who do not have mortgage insurance."

"I appreciate that you have done so. I hope in your next 6-month report we will see an initial evaluation of the implementation."

"I certainly applaud you for this rule, for fairness for American consumers, and the fact that you are setting the rules of the road for an effective, competitive marketplace that is so important in ou..."

"Well, I think that this kind of rule is very compatible with a competitive marketplace."