Detailed text transcripts for TV channel - MSNBC - 20121006:13:29:00
It's so important that we have this feature that we passed in dodd-frank because what we're saying to the banks is this. they must be sustainable. they must be safe mortgages. you must verify the income. you must know about the debt. you cannot have risky features such as balloon payments and interest only and all of that. so qualified mortgages and this issue, this item in dodd-frank is extremely important. what mitt romney did was he basically said the banks are not lending money because of this qualified mortgage feature of dodd-frank. that's not true. first of all, the regulatory agency su...
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