Obamacare transporters will old last month and it raises the iconic question, are you better off than you were four years ago. The answer for the nation is an unequivocal no. Jobs have been lost on our seven cut, employers have been forced to drop coverage and premiums have skyrocketed. Millions have lost coverage they were happy with. Obamacare has hurt medicare by cutting 156 billion out of medicare damage. This cut was a grave miscalculation. Medicare advantage is a shining Success Story the millions of seniors like my mother relied upon. In short, its a program that allows you to receive your coverage from a private provider using funding from medicare. And this tax on all kinds of Value Added Services for seniors. One of the reasons my mother picked her current provider is because in addition to good doctors coming to pick her up in a drive her to her appointments. This sort of competition in the marketplace invariably leads to two very good things. A decrease in prices and an inc
Treasury would feel the same way but i have not had any discussions about that. Me, ither thing intrigued will get the quote correct or close enough. You said that your goal is to reduce taxpayer risk through increasing the role of private capital. But after that you rejected the goal of contracting the Enterprises Market presence. To increase the role of capital. I am figuring out how you square those two. And then you said this is a decision to come so i know that youre are not going to announce it now. In my view you can look at an increase in the guarantees fees as either of those, contracting of the market presence or entering private capital. How does that fit in those criteria . We are balancing in a number of instances sometimes what appeared to be contradictory mandates. Think it is the role to contract the footprint of fannie and freddie. Maintain anto efficient credit market. As private capital demonstrates it will come into this market and it will be clear that fannie and f
We believe this will be a winwin for our hardest hit communities and for our conservatorship objectives. Weve also received a number of inquiries about changing the eligibility requirements. Because the number of borrowers we could add by extending the eligibility date or by changing performance requirements is relatively small, we have decided not to alter eligibility parameters. Fhfa is, however, working to retarget our h. A. R. P. Outreach efforts to the approximately 750,000 of borrowers who already qualify and would financially benefit from refinancing under h. A. R. P. We are exploring outreach efforts designed to gain the trust of these in the money borrowers so they will take action to refinance. Its already in their financial interest to do so. Fhfa maintain strategical also stands to fannie and freddies multifamily loan businesses. This is a critical part of the 2014 Strategic Plan, particularly in light of the increasing number of households who are renting instead of owning
Morning. The capital itself is half empty this week as the house is in recess all week for meetings with constituents. They will return on monday, may 19. The senate is at work this morning, lawmakers gaveling in a. M. Over a 9 30 package of expired tax breaks. You can see the senate right now live on our companion network, cspan2. Of course, the house, as always, when they returned. Down for anill sit interview with the coanchor of news hour, judy woodruff. She is likely to be asked about the russian intervention in ukraine, iran, the aftermath of the benghazi terrorist attacks also. We will have that live for you starting at one 00 eastern here on cspan. Sylvia burwell appears before the Senate Finance committee as part of her confirmation to be the next health and Human Services secretary, taking over for kathleen sebelius, live this afternoon youre on cspan. President obama is headed to new york city for a series of fundraising events today and tomorrow. While there this afternoon
By fannie and freddie and operates one system with updated technology. Defining the scope in this way building a cspat for a future Housing Finance system that is not yet defined is extremely risky and could add needless cost. This scope does not mean that oddssp effort would be at with the future future Housing Finance system or that our process will take place in a vacuum. To the contrary, we are requiring that the csp leverage the systems, software, and standards used in the private sector whenever possible. This will ensure that the csp will be adaptable for use by other secondary market actors including private label securities issuers when the future state is more defined. Our second objective for the common securitization form is to singleterprises toward a Common Security which we believe will improve the quiddity in the Housing Finance markets. It would also reduce costs to the enterprises gingerly freddie security hasddies historically drew traded at a this is compared to fan