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Tom Cole: “Providing a financial guarantee makes it possible for home…”

Featuring: Tom Cole, Republican | U.S. House Oklahoma, 4th Congressional District

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Tom Cole Asks HUD Secretary About Decrease In Federal Funding For Tribal Housing Programs

Published | Video Starts at 04:26

And that's a real problem on Indian reservations. The legal challenges of how you secure a loan in Indian country and dealing with sovereign entities is a real problem for banks. But by Providing a financial guarantee makes it possible for home mortgage loans for native borrowers to be repaid in full. And that actually frees up a lot of private capital that otherwise just simply wouldn't be there. So I want to commend you for that. (04:26–04:37)

CLAIM

Asserts that providing a financial guarantee makes it possible for home mortgage loans for native borrowers to be repaid in full.

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