we all need to have a concrete plan, not just for an appropriation here or there.

But having administrative challenges at any level here on the ground is a disservice to the veterans.

However, your proposal would allow participation by entities that don't have voucher programs, whether they are public housing authorities or owners of other HUD-assisted housing.

It sounds really good. I just want to see how it works on paper so we have accountability in the system and we know it works.

We have about a quarter of a million Washington State homeowners today who are underwater.

It seems that every day there is a new report out there on the state of the housing market.

We have heard bipartisan support around many of the changes that we have proposed.

I believe it is important, given that we believe FHA's current role is a temporary role, that we want to see the private market return.

Thank you very much for your statement, Mr. Secretary.

This subcommittee is going to face a very difficult task to provide resources to this Department.

We require more information if we are to give the proposal serious consideration.