CSPAN3 Politics Public Policy Today December 15, 2014
And youve got five trillion dollars of outstanding obligations now that somebody has to deal with. Thats in the current of housing finance. Thats not in the future. So, somebody has got to deal with that. And whether its fannie or freddie or somebody else, i mean, thats, i think, a decision that congress has to make, not fhfa. Let me switch topics here for just a minute. That has to do with the mortgage debt relief act. Director watt, i dont think any state has felt the impact of falling home values more than the state of nevada. Congress passed mortgage debt relief act to ensure those who owe...