Committee will come to order. Let me think our witness for your patience. We are now ready to proceed under the five minute rule and i will give myself five minutes to begin the question phase of the hearing. Over the last year, has taken a number of actions to reduce the ability of fha borrowers to utilize down payment assistance programs from governments and cities. To purchase a home and has indicated that it intends to issue a proposed rule affecting down payment assistance in january. Secretary carson testified before this committee in june that he was not familiar with the hud data that identifies which Government Entity is providing down payment assistance and it appears that hud cannot determine which Government Programs are providing down payment assistance for any fha loan. Which is critical before attempting to issue new regulations of government down payment assistance programs. Will you commit to not moving forward any rulemaking or other Administrative Changes related to
Ability of f age a borrowers to utilize down payment assistance programs from governmental entities to porters a home and it has indicated that it began and intends to issue the proposed rule government down payment assistance in january secretary constant sin testify before this committee in june that he was not, with the hood they will identify which Government Entity is providing this assistant, appears that they cannot determine which Government Program will be providing this payment assistance, or any loan, which is critical, before attempting the issue, new regulations of government, to help the payment system, will you commit to not moving forward with any move, other changes related to down payment assistance provided that governmental entity, is able to collect data on intergovernmental entities and to analyze this typically, on the performance and of age let loans and, down payment of each specific governmental kentucky, can you expand on that . Thank you mister chairman, as
Ability of f age a borrowers to utilize down payment assistance programs from governmental entities to porters a home and it has indicated that it began and intends to issue the proposed rule government down payment assistance in january secretary constant sin testify before this committee in june that he was not, with the hood they will identify which Government Entity is providing this assistant, appears that they cannot determine which Government Program will be providing this payment assistance, or any loan, which is critical, before attempting the issue, new regulations of government, to help the payment system, will you commit to not moving forward with any move, other changes related to down payment assistance provided that governmental entity, is able to collect data on intergovernmental entities and to analyze this typically, on the performance and of age let loans and, down payment of each specific governmental kentucky, can you expand on that . Thank you mister chairman, as
Now, i know that the end of the last panel, or the first panel, they got a little bit into credit risk, so they tried to take our territory, and this one should be better, so everyone should understand that. I just, maybe ill introduce the panelists first. It is going from my last, to the far left, mike calhoun first, the president for the center for responsible lending, and then dana ganford now the ceo of the Global Mortgage Group at rg capital. And lori goodman is next, here at the urnen institute, she is the Vice President for Housing Finance policy and then last is David Finkelstein who is the chief Investment Officer for analy capital management. And i think we start with lori who has a couple of slides, and will take us through some of the data on history and development in credit Risk Transfer. Yes, just for a very short time, i think you did such a good job of mentioning, credit Risk Transfer actually started in 2012. And the idea was to reduce the overall risk of fannie and f
For. We have split our phone lines by age this morning. 835, 202 7488000. 650, 202 7488001 older and older, 202 7488002. You can also catch up with us on social media. Twitter and facebook. Good thursday morning to you. No generic information on voter numbers today. More days in florida to register to vote citing the destruction from hurricane matthew. Six day extension after a brief court hearing. Theyre interested in expanding the pool of voters. A party stretch the voter i one day from tuesday to wednesday in lawsuit fired against gov. Rick scott by democrats, who ordered floridians to exit homes but would not extend the date. Thats not to say that republicans are not taking advantage. At his rally on wednesday, toald trump urged the crowd register to vote. He said, who is not registered . He said, if you are not registered, get the hell out of here. Leave right now and go and register. Paul ryan posted a video yesterday with his outrage to younger voters, answering the question he