Mr. Chairman, I have in my hand February 20th joint letter from key mortgage and banking trade associations which I just entered the record, highlighted the important opportunity that exists with The modernization of bank capital standards can strengthen both financial stability and housing affordability. by supporting a diverse competitive mortgage market. Without objection, I'd like to ask that not only this be entered into the record, but also turn to Mr. Broekschmidt. (00:00–00:20)
CLAIM
Asserts that modernizing bank capital standards can improve financial stability and housing affordability.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
