capito for a minute and a half years that thank you, mr. speaker. i'd like to thank you for joining the committee this evening. less than month my committee has spent time learning about the new mortgage rules and what impact on consumers. they are very concerned about their ability to offer targeted programs to help borrowers. questions come in and we like the west virginia raise concerns about his bank to continue administering a charitable trust that assist low-income borrowers to realize the dream of ownership. two weeks ago, the executive from orion federal union in memphis raised the same concerns that many have visited the taylor government to purchase program will not fit the qualified mortgage standard entering the same hearing, the ceo of charlotte testified that as the regulation stands today, habitat affiliates remain at risk of debilitating liability. in each of these cases, and local lenders losing their ability to serve their community. under suicides a virus ability to repay will be handcuffed by arbitrary threshold and a one-size-fi

welcome. >> thank you, chairwoman capito, chairman meeks. while most people rang in the new year two weeks ago for those of us in the mortgage industry the new year began last friday. that's when a host of dodd-frank rules finally came online. none are more consequential with the power to completely reshape the mortgage industry than the ability to repay rule and its qualified mortgage standards. as the ceo of quicken loans, the nation's largest online and mortgage lender it's been my responsibility to charter our company's course into the new regulatory regime. the mortgage bankers association i'm honored to serve as the vice chair has devoted enormous resources over the past year helping companies like ours come into compliance. a common question we received and one i want to answer at the outset is whether we plan to write non-qm loans. i can tell you categorically that quicken loans like the overwhelming majority of lenders will not lebd outside the boundaries of qm. in fact, even if we wanted to, we wouldn't be able to make non-qm loans

deferal in november and thes a 13.1 million dollars request for engineer and design staff to advance capito

away from this issue, whether it's joe manchin trying to blame the cdc, representative shelly moore capitothis all amusing, tomlin saying, don't blame the coal industry, or west virginia american water saying, well, they're doing their sergeant schultz, they know nothing. >> well, here's the question i can't figure out, who is determining whether the water is safe and what's the criteria they're using? that seems like a simple question no one's willing to answer. >> it would seem simple, chris, but the fact of the matter is, there are more and more reports coming out that say that there is no real answer. there's a report that says that the report upon which all of these determinations have been based was not on crude mchm, but rather on pure mchm. there's a report from the navy saying that the levels of safe exposure to mchm are drastically lower than the one part per million standard that's been put out. the fact of the matter is, chris, there is an ongoing, involuntary experiment on a human population of about 300,000 people. and it's utterly unconscionable at this point in time. >> i w

lot of people say could be the president, rob capito that runs blackrock, second largest money managementfleming, head of wealth management, very close friend of fink , he is the guy fink may bring it from the outside to run blackrock. lori: why do you think fink was passed over to succeed tim biteer? >> that is a good question. we do get this in the story if you read it. i think they were, it was a combination of the obama administration is very anti-wall street. jack lew spent time at citigroup, mostly an economic bureaucrat working in the clinton administration. obama administration. chief of staff before he became treasury secretary. larry spent last 40 years on wall street. there was a little bit of that. larry is known as kind of a gossip. from what i understand, "vanity fair" once called him wall street's yenta. i think from what i understand that scared people in the obama administration. the fact he has this network of sources. always chatting with people on wall street. lori: could be you? >> i'm not say but i'm just telling you that, that did hurt his bid -- adam: he wouldn't p

congressman shelley moore capito chairs the subcommittee.gory meeks is the ranking democratic member. you can hear it live coverage on c-span radio or watch the hearing live on c-span3. those are the latest headlines on c-span radio. by 1895 or so, 9 different inlroads terminated chattanooga and that created quite an economic base. every railroad had a switching .ard or repair shop great terminal in the southeast. all of that employment, all of that money turning over by the provided the economic stimulus to the growing city of .hattanooga even state railroads move an amazing amount of carnage -- even today railroads move an amazing amount of tonnage through chattanooga. train after train after train loaded with grain going to the seaports in the atlantic coast or power plants in georgia, etc. there are still a lot of commodities that moved by rail. due to the terrain they have to come through chattanooga. >> this weekend on booktv and american history tv, a look at the history and literary life of chattanooga, tennessee. saturday at noon on

capito: for more than two decades, no federal agency looked at this because freedom industries did not reportedly -- did not report the spill. we must examine our existing laws at all levels of government and find the gaps that allowed to spill to occur. at into request, the house transportation and infrastructure committee will hold a hearing in charleston to examine the causes of the spill. the response and the actions that should be taken. i want to thank the west virginia national guard, the west virginia department of homeland security, fema, first responders and many, many west virginians and volunteers across the state along with our neighbors in neighboring states. but west virginians were just amazing. we joined together to meet this challenge and have exemplified once again that mountaineer spirit which we are very well-known for. i yield back. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from california seek recognition? >> i seek unanimous consent to address the house for one minute and to revise and extend my remarks. the