Political Quotes

“I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 6, line 16, before the period insert ``and Replacement Program''. Page 6, line 19, before ``the extent'' insert ``(A)''. Page 6, line 20, after ``section 2'' insert ``, including''. Page 6, line 21, before the period insert the following: ``, and (B) the need, and appropriate guidelines and standards for, a mortgage insurance program of the Secretary that (i) provides for loan modification involving a write- down of the remaining principal balance on existing mortgages on 1- to 4-family residences under which such principal balance exceeds the appraised value of the mortgaged residence, and (ii) serves the needs of covered homeowners with such mortgages''. Page 7, line 1, after ``paragraph (1)'' insert the following: ``, setting forth the Secretary's determination of the need for, and the appropriate guidelines and standards for, the mortgage insurance program determined pursuant to paragraph (1)(B),''. Page 7, line 1, after ``best practices,'' insert ``including''. Page 7, line 3, before the period insert the following: ``and to the mortgage insurance program identified and described pursuant to paragraph (1)(B)''.…”