Patty Murray actually said...

"I certainly want to see more borrowers take advantage of low interest rates, but I also want to make sure we are monitoring FHA lenders."

"Okay. When the Secretary was here last week, we spent a bit of time talking about the health of the MMI Fund and the current expectation that an appropriation will not be needed to cover the re-estima..."

"But we also know that HUD has to work to improve its ability to monitor its risk and its estimates."

"We have got to figure out exactly what the legal statutory language would be to walk a path of ensuring that we are keeping the bad guys out from just coming in the back door with another lender."