Title: Congressman Lynch on housing market

" Housing market -- certainly taken in the past year many financial. Hasn't gone down as a cult and now congressman in -- and about the federal -- ration and its ability to whether or. Congress into joining us from -- in the other morning congressman I like always good morning in Easton. Thank you know what kind of impact has this housing cry pat on the F."

" All -- and to directly beat the federal housing administration. As easily handle about. Reaper and of the mortgage market in the United States today because of all the ensures that you talked about a love gone away. Now have three. The FAA's handling thirty and a the mortgage market though is usually standard. Ability even -- we're doing with -- amount to re name our mountain. People to administer that. There are laws that govern yet they say with respect to cash flow and there were -- right that's correct -- tell me about how that's being attacked at this point. Well if you go back to three years ago now. The reserves within the FAA day or about. And of their portfolio. Today because of the -- of the portfolio a lot of these mortgages going bad. Would not what we think there -- around trooper. A little bit -- into. -- To date they may have fallen below the the to admit that the -- have. The problem we have is they don't report regularly report. Every November. We'd have to wait for the number -- Mon November at which point I believe goes -- they're below their legally mandated -- and I think they'll be looking for either a bailout or they'll be looking to. Drastically increased the premiums -- they -- to -- the people and what are your Africans -- that it that suddenly and Al Anbar and the price. You know get everyone you want -- congress something in the meantime right right. The problem is that reporting requirement we don't have the ability to track on all night community that is awful. Following. The numbers and and right now they keep telling me what not post reported on November. A lot I'm really it to advantage happily and out what what I'd done -- morning we've had filed a bill. Require them. To report. In. Twice a year every every month ago while working on -- with the FDAX make -- more amenable. Now. Actually happened -- collapse. About it it would require a day a lot of on what -- all that mortgage market that that you made about. 400 billion dollars in -- All you can do you realize what an impact that we haven't they were taken LaMont. Absolutely. You're just a moment congressman I -- about what it concerned about what may have known about the CIA interrogation technique during. Not really. About how we're handling the old old controversy. I don't think. -- Good class last few days or it. And I know and -- much more capable. And much more confident -- appears on and on camera we. But I think there need to get in the bottom of it. Get -- to do to let it with a you know I think at the they're on -- here. Accompli and it is earning more than any factual -- Have you spoken with her about -- are doing it added I. Don't know I'm not a -- float that. -- I am a supporter of vehicles and and I think. She's not handling well. I bet can't carry the -- and certainly part of our. If you for joining us what you. Thank you -- you count."