Mr. Wilson, i want to get back to you. In september 2012, icba survey found 55 of bankers decreased their Mortgage Business or stopped providing higher priced Mortgage Loans and higher priced mortgages that took effect in 2010. I wondered if your bank still does offer an issue mortgages and if so, have you decreased the number of mortgages because of regulatory uncertainty . Yes, sir. Most all of our mortgages would have fallen into the higher priced mortgage and we do not have the staff capabilities to escrow insurance and taxes. Again, the last few seconds, thank you so much, all of you for being here and we do want to figure this out. We need to clean this up and ultimately i want to see Community Banks that are vibrant in our communities again and with that i yield back, chairman. The chair recognizes the gentleman from colorado. Thank you, mr. Chair. Somebody mentioned the incredible cost of dodd frank to the system, but i just want to start that before dodd frank in the summer 20
Fisher and the eu trust complaint against google and World Bank President Jim Young Kim. We wade through earnings from goldman and city. Try to hang on to 55 and the tenyear around 1. 08. Netflix shares poised to open at alltime highs. They did beat expectations. Netflix issuing upbeat subscriber guidance for the current quarter. We know what happened to the shares after the bell last night. Up 12 to 530 and change. Fpr with a price target of 900. I thought that 750 the other day was aggressive. I dont know what the implied multiple of 900 is. Subscriber growth is what shareholders are most focused on. Not earnings per share or anything else. There is no doubt netflix did better than its own estimates and many of the estimates of analysts that follow it. International becoming an important part of this company. The margins over there start looking worse rather than better. Youve got to rely on the u. S. On that front. Again, its right now all about growth of that subscriber base, which
Impossible to issue the kinds of dangerous products that were issued before. It has made our system safer. Thats not the problem. The question is for people who are getting mortgages applying for mortgages that are straightforward, englishlanguage document mortgages with fees and charges that are clear and cost that they can afford are the credit standards so tight that people who are creditworthy or not getting credit. We are very much of the view that people who are creditworthy should have access to credit and we are opposed to the idea that we should go back to loosening the rules to allow the kinds of mortgages that helps create the financial crisis. So do you believe that what the cfpb has been doing and the approach that they are taking is certainly the right approach and somehow thats going to help open up Credit Opportunities . What do we do about opening up access to credit . I think they have made a lot of important changes that reformed some of the basic problems. I think t
Want to make sure your child is in Quality Health care, you are going to get a little bit more tax relief or if you have an elderly loved one at home that you want to make sure has quality care you getal little more tax relief. If you are a twoworker family, we scale back the marriage penalties. The democratic budget actually provides more tax relief for working americans while the republican budget provides tax increases to working families. It increases transportation by closing a lot of the tax breaks in the code that actually encourage American Companies to move jobs and capital overseas, we get rid of those loopholes and say lets invest the money here in america. Thats what the democratic budget does. But the rules dont permit us to instruct the conferees to do the right thing and adopt that alternative which does reflect the values and priorities of the people around the country, but there are two Little Things where the Senate Budget is actually min kuhl minusculely better than
Looked at and chosen that not to offer at this time until we figure out the risk. Were a little behind the curve on some of the new technologies. Thats the impact of the risks that we try to face each day. I want to get back to a few more questions with you. I want to just remind this committee where this all started from. I want to go back to september 25th, 2003. A hearing here at Financial Services committee hearing. Chairman frank, you said on the record, i do not want fannie and freddie to be Just Another Bank. If they do not more than Just Another Bank sorry. If they were not going to do more than another bank would be because they have so many advantages then we do not need them. And so therefore, i do not think, i do not want the same kind of focus on safety that we have at occ and ots. I want to roll the dice a little bit more on the situation toward subsidized housing. In the gsc act congress initially specified Affordable Housing goals of 30 of mortgage purposes. That goal i