Political Quotes

“My good friend is absolutely right. We're here today to talk about the reform of FHA and to really give relief to the borrowers who will have the ability to see the current cap on mortgage insurance premiums increase and generally give opportunity for Americans to make whole and make good on the home buyers market to get back into the market. The sub-prime debacle, the whole foreclosure devastation, tragedy happened on the last administration's clock, the Republican administration's clock. So I wonder now when we stand here to try to help new home buyers get into the market, work with the real estate industry, and make people whole, there seems to be an opposition. The whole GSE reform was something that could have been done under the last administration's clock, but they wanted to take a sledge hammer and axe and destroy the opportunity for individuals to be able to access the kind of moneys and resources so you could get into a home. I support this legislation, H.R. 5072, the FHA Reform Act, because what it will do is to give Americans back their wealth again, allow them to buy homes, give them the insurance premiums that they need, and to get us back on track. This is the right direction. Let's keep going forward to help America stay strong. Mr. Speaker, I rise in strong support of H.R. 5072--``FHA Reform Act of 2010''.…”