01/30/2013
https://www.congress.gov...
"As the author of the National Housing Trust Fund and the Capital Magnet Fund, I was very pleased to see that your Housing Commission recommended retention of these two entities in a reformed housing s..."
"Well, what about private securitizations of Wall Street which became hugely important, which did not have affordable housing goals?"
"But excuse me. Countrywide was being forced to write terrible loans even as their market share grew much more dramatically than Fannie Mae because of the affordable housing goals."
"I think that there was a recognition that these programs, although still in the infancy, were an important way in which, you know, we can create affordability and create accessibility to those that ot..."