| 00:00:12 |
Patenaude, Pamela - Director
GOOD MORNING, EVERYBODY. IT'S MY PLEASURE TO WELCOME ALL OF YOU HERE TODAY. I WAS TELLING MY CURRENT BOSSES THAT I THINK HAVE SIX OR SEVEN OF MY FORMER...
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| 00:01:48 |
Keating, Frank - Governor, [R] Oklahoma
THEY'RE NOT GOING ANYWHERE BECAUSE WE HAVE ANOTHER EXCITING YEAR AT OF US. AT THIS TIME, I WOULD LIKE TO WELCOME GOVERNOR FRANK KEATING. [APPLAUSE]...
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| 00:04:28 |
Stasch, Julia - Vice President
US HER PERSPECTIVE AS WELL. THANK YOU FOR JOINING US TODAY. [APPLAUSE] >> THANK YOU. THANK YOU TO EACH AND EVERY ONE OF THE COMMISSIONERS. IT HAS BEEN...
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| 00:08:22 |
Mitchell, George J. - Co-Chair
SENATOR GEORGE MITCHELL. >> THANK YOU VERY MUCH. OUR THANKS TO THE MACARTHUR FOUNDATION FOR ITS STRONG SUPPORT. IT HAS BEEN A GREAT PLEASURE FOR ME TO...
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| 00:16:20 |
Martinez, Mel - U.S. Senator, [R] Florida
MY FELLOW COMMISSIONER, FORMER SENATOR AND SECRETARY JAKE SECRETARY OF HUD, MEL MARTINA'S. [APPLAUSE] >> -- >> THANK YOU VERY MUCH. HAS BEEN A PLEASURE...
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| 00:22:56 |
Bond, Christopher "Kit" - U.S. Senator, [R] Missouri
SENATE COLLEAGUE, KIT BOND. [APPLAUSE] >> THANK YOU VERY MUCH. I WAS THRILLED TO JOIN THIS GROUP OF THE STEAM COLLEAGUES ON AN ISSUE THAT IS NEAR AND...
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| 00:27:38 |
Cisneros, Henry - Secretary
YEARS AGO AS THE ODD COUPLE BECAUSE OF OUR ABILITY TO WORK ACROSS THE AISLE WHEN HE WAS SECRETARY OF HUD. [APPLAUSE] >> THANK YOU. IT HAS BEEN A -- IT...
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| 00:37:08 |
Q & A
BRING A MICROPHONE TO YOU. IF YOU WOULD PLEASE IDENTIFY YOURSELF AND THE ORGANIZATION YOU MIGHT REPRESENT. I WOULD BE HAPPY TO REFER THE QUESTION TO...
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| 00:37:38 |
Cisneros, Henry - Secretary
WITH TAX CREDIT ADVISER MAGAZINE. I'M WONDERING IF YOU CAN EXPLAIN YOUR PROPOSAL FOR PERFORMANCE- BASED SUBSIDIES IN THE RENTAL HOUSING AREA. >> THE...
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| 00:38:30 |
Bond, Christopher "Kit" - U.S. Senator, [R] Missouri
OR -- SENATOR BOND? >> ONE OF THE THINGS WE DISCUSSED EXTENSIVELY AND I SEE RENEE GLOVER HERE HAVE MADE IT VERY CLEAR TO US THAT THE VERY PRESCRIPTIVE...
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| 00:40:58 |
Cisneros, Henry - Secretary
SUBSIDIZE AND I'M WONDERING IF THERE'S ANY ATTENTION PAID TO PRESERVE THAT HOUSING STOCKS SO WE DON'T ADD TO THE ROLES OF PEOPLE WAITING TO GET INTO...
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| 00:42:56 |
Bond, Christopher "Kit" - U.S. Senator, [R] Missouri
HOUSING EVEN IN MEDIUM-SIZED CITIES. WOULD ANY COCHAIR LIKE TO ADD A WORD? SINCE IT FOCUSES ON RULE APPROACHES, ANY THOUGHTS? >> WE NEED TO HAVE YOU...
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| 00:43:38 |
Cisneros, Henry - Secretary
FINANCIAL INSTITUTIONS THAT WOULD PLAY THE VARIOUS ROLES IN THE PROPOSED SYSTEM FROM OUR ORIGINATION, THROUGH CREDIT ENHANCEMENT AND OTHER STEPS. SECURITIZATION...
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| 00:44:15 |
Martinez, Mel - U.S. Senator, [R] Florida
BUT ROB COUCH IS. >> THIS IS A SYMPTOM THAT -- THIS IS A SITUATION THAT'S GOING TO REMOVE US FROM GOVERNMENT AND THE GOVERNMENT POSITION AS A LAST PLACE...
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| 00:46:32 |
Cisneros, Henry - Secretary
WHILE IT IS UNFAIR TO REFER YOU TO THE DOCUMENT BECAUSE YOU HAVEN'T RECEIVED IT, PAGES OF ROUGHLY 56 TO 62 SPELL OUT THE SPECIFIC ROLES OF THE DIFFERENT...
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| 00:47:45 |
Keating, Frank - Governor, [R] Oklahoma
REPAIR BAT AND NOT REALLY BE CALLED ON DEPENDING ON HOW TO QUALIFIED MORTGAGE IS TO FIND. 43% LOAN -- DEBT TO INCOME ISSUE MAY WELL MEAN A LOT OF PEOPLE...
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| 00:48:18 |
Cisneros, Henry - Secretary
THE REINTRODUCTION AND AGGRESSIVE REINTRODUCTION OF THE PRIVATE SECTOR IN THIS PROCESS. >> IT IS CLEAR THE COUNTRY NEEDS A SECONDARY MARKET MECHANISM....
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| 00:49:07 |
Martinez, Mel - U.S. Senator, [R] Florida
CHORD WITH DEMOCRATS, REPUBLICANS, LEFT AND RIGHT AS A WAY TO REBUILD HOUSING FIGHT IT SAID -- HOUSING FINANCE SYSTEM. >> IT IS IMPORTANT TO NOTE THAT...
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| 00:50:40 |
Cisneros, Henry - Secretary
TRADITIONAL POPULATION THAN THE GROWTH OF MINORITY POPULATIONS TO WHERE THEY BECOME A TRULY MEANINGFUL PART OF HOUSEHOLD FORMATIONS AND DEMAND FOR...
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| 00:56:59 |
Bond, Christopher "Kit" - U.S. Senator, [R] Missouri
SITUATION. >> WE HEARD A LOT FROM COMMUNITY BANKERS ANDIN OUR REGION IN ST. LOUIS AND ELSEWHERE. I LIVE AMONG COMMUNITY BANKERS. ONE THING I AM PERSONALLY...
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| 00:59:40 |
Cisneros, Henry - Secretary
OUTCOMES, BUT KEEP SOME MEMBERS OF OF THE GAME. I DO NOT THINK ANY OF US WOULD CLAIM TO HAVE EVERYTHING WORKED OUT, BUT WE MADE THE STRONG STATEMENT THE...
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| 01:04:16 |
Bond, Christopher "Kit" - U.S. Senator, [R] Missouri
WHO WERE VULNERABLE AND TO MAKE SURE THEY CAN CONTINUE TO CONTRIBUTE TO SOCIETY. >> THANK YOU. CAN YOU SPEAK TO THIS? >> I CERTAINLY WOULD. NAN HAS...
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| 01:08:10 |
Cisneros, Henry - Secretary
ON GREATER RISK, THEY ARE NOT EVEN FIXING THE PROBLEM THAT EXISTS TODAY, TRYING TO HELP HOMEOWNERS REFINANCE MORTGAGES. HOW'S THAT GOING TO WORK? I JUST...
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| 01:09:39 |
Martinez, Mel - U.S. Senator, [R] Florida
TO A WHOLE DIFFERENT SPECTRUM OF PEOPLE. FOR THEM TO BE LENDING -- WHAT, $200,000, SOMETHING IN THAT NEIGHBORHOOD? THAT IS NOT NEAR THE POVERTY LEVEL....
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| 01:13:55 |
Cisneros, Henry - Secretary
HOW EXACTLY MIGHT THAT HAPPEN? AND IN THE REPORT, WE HAVE HEARD THAT GETTING TO DO THAT WOULD TAKE SOME TIME. COULD YOU TELL US WHAT YOU THINK THAT PERIOD...
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| 01:17:57 |
Mitchell, George J. - Co-Chair
JACKSON. PLEASE STAND AND BE RECOGNIZED. [APPLAUSE] I WANT TO TURN THE PODIUM BACK OVER TO SENATOR GEORGE MITCHELL. >> YEARS AGO, WHEN BOB DOLE, HOWARD...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.