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
Well well you are as how will you prioritize what can be done under the Current Authority . Clips under the Current Authority, they can do things like disclose information better. The fha is like communist china in terms of reporting. Loan level data, we do not do it. That would help us get around the problem that was asked of mr. Benzoin accounting. To show us books crude show us your books. Reduce more moments, that has to be done here. Loan limits. Two things they could do they threatened a three percent limitation on concessions. It has not been done. One of the members said, it has not taken place. Number two, return appraisal panels, those two things would be huge. The time of the gentleman has expired. The chair now recognizes the gentleman from north carolina. Thank you mr. Chairman. I may start by thanking the chair and Ranking Members for having this hearing. It is critically important. An important first step to getting to the basis of what we need to do in this committee. N