market and demand that fha shrink. so do you agree that fha is currently playing too large a role in the housing market, or, you know -- >> yeah. well, right now we're at about 13.2%. >> uh-huh. >> which is sort of back down to the pre-housing crisis level. it expanded during the crisis, like it should. it's sort of like an accordion. it's a buffer. and that's the way that it's supposed to work. that's the ideal situation. doesn't mean that there aren't some reforms that we're looking at to make it even more efficient. but generally, it has a very positive balance, and it allows people to be able to get into homes particularly first-time home buyers, a lot of minorities. and we want to make sure that we maintain that strength. >> thank you very much. >> okay. >> time of the gentlelady has expired. the chair wishes to inform all members that we will be excusing the witness at 12:30 today. chair now recognizes the gentleman from north carolina, mr. pittenger. finish. >> thank you, mr. chairman. mr. secretary, thank you a

let's talk about the fha program.re's a great article from the housing wife from july of this year written by david stephens from the mba and it talks about the unprecedented use of the false claims act by hud and the department of justice starting around 2011 under president obama. false claims act is a very important federal statute promulgated under president lincolnton deal with profiteers who were supplying the union army and cheating the government, been used over the last several decades to deal unprecedented use of the false with medicare fraud and defense contractors ripping taxpayers off. i'm all for the false claims act being used. with you familiar at all with how it's been used in the context of fha lending. >>ing. > very much so. >> i believe you and attorney general sessions could easily solve that problem and the consequence of the improper use of the false claims act to impose outrageous penalties against lenders for immaterial detects and loan origination files on fha lopes, the onsequences are many

and demand that fha shrink. do you agree that fha is currently playing too large a role in the housing market? secretary carson: yeah. right now we're at about a 13.2%, which is sort of back down to the prehousing crisis level. it expanded during the crisis like it should. it's sort of like an accordion. it's a buffer. that's the way it's supposed to work. that's the ideal situation. doesn't mean there aren't some reforms that we're looking at to make it even more efficient. generally it has a very positive balance. it allows people to be able to get into homes, particularly first time home buyers, a lot of minorities. and we want to make sure that we maintain that strength. rep. maloney: thank you very much. >> time of the gentle lady has expired. the chair wishes to inform all members that we will be excusing the witness at 12:30 today. >> the chair now the gentleman from north carolina. >> thank you again for being with us today or it -- thank you again for being with us today. your demeanor and patience has

and any little mistake that was made by a lender, fha would penalize them severely.ke that was made by a lender in no way would effect somebody qualifying for a loan, life is good for the lender. but what we think is gonna happen is the lender will not work under a fear of penalties any longer from the fha. and that's important. what's important to understand is, when you decide to buy a home, go to a mortgage broker. have them explain all the new programs that are out there and also some of the changes in the fha insurance. that's important for you to know as a homeowner. that's all the time we have for today. be sure to send me your property stories, questions, or pictures of your property bloopers. send them to propertyman@foxnews.com, and don't forget to check us out on facebook and twitter. there's also plenty more information and videos on our website, foxnews.com/propertyman. [ woman vocalizing ] >> she's a jet-setter in the golden age of travel... >> pan am flight attendants were iconic. >> did she fit the bill? >> i think shecreatedthe bill. >> ...bringing b

an fha reverse mortgage helps you access that wealth. years, millions of americans have trusted lendingtree to help them find the best deal on their mortgage. now, let us help match you to fully fha regulated lenders for your reverse mortgage. just go to lendingtree.com, or call now to find out how much you could receive for retirement. lendingtree. when banks compete, you win. maria: welcome back, good tuesday morning, thank you so much for joining us. i'm maria bartiromo, happy tuesday to you, it is tuesday october 31st, happy halloween, your top stories right now 7:00 a.m. on the east coast. tax reform still on track, speaker of the house paul ryan says the indictment of former trump campaign chairman paul manafort will not derail the highly-anticipated legislation set to be out tomorrow. lawmakers are set to unveil that plan on wednesday. big news republicans are reportedly considering fazing in a corporate tax rate cut, something president trump has opposed. >> the president layed out his principles and it doesn't include the fazing

now what we went through was called the great depression so he may have heard of the agency fha and a few others federal federal federal federal federal to fix the private real-estate market. so fannie mae was created to restore investor confidence. to invest in houses. and the bonds they would issue. this is a way to bring back a the housing market with the long-term fixed-rate mortgage. people had very short-term mortgages with balloon payments in short order because we need a long time to read pay their mortgage. so could the loan the money 30 years somebody else can do that. most people don't keep mortgages 30 years but they are amortized over a long period of time. but to bring stability and resiliency to the housing market that worked pretty well after world war ii and to put together that budget mark which is the entitlement program to give that zero down payment mortgage. it is amazing to thank you can get a mortgage backed by the government with the zero money down. said to be in such a dramatic way. so the time we get through with the housing crisis it was every where. but i

it has to be a single-family home, two- to four-unit home, or an fha-approved condo.r must complete a hud-approved counseling session -- >> ensuring the borrower and consumer understands what they're going into, understands that they still own their home, understands that their balance is going up a little bit, and understands, most importantly, that they're responsible for paying taxes and insurance and maintaining the home. >> she would ask several different ways during the interview to make sure we were really clear on that our equity would go down as years went on. >> one of the perceptions is that those who are concerned about leaving their children something, they feel that their kids basically will get nothing. >> as with any -- any mortgage you have, the bottom line is you look to sell the home. whatever you sell it for less the mortgage payoff, that difference, that equity is left to the family, left to the kids, left to the heirs. >> clients, when i try and explain the benefits of a reverse mortgage, they say, "oh, no, i think they come and take your house a

an fha reverse mortgage helps you access that wealth. last 20 years, millions of americans have trusted lendingtree to help them find the best deal on their mortgage. now, let us help match you to fully fha regulated lenders for your reverse mortgage. just go to lendingtree.com, or call now to find out how much you could receive for retirement. lendingtree. when banks compete, you win. welcome back shares of triple day taking a tumble this morning. we are looking at triple take much lower in volume. ten and a half% sell off. what are you seen on the floor. there is a big seller. ten and half percent. what's looking with the stock is near a five year low. we had nine of them cutting the price target. and what is really happening with chapultepec. and on the latest numbers disappointing for sales and profit they are going to say it's can be much longer until you see a recovery and down 14% year-to-date and then you tack on today's moves by the end of the day. now the doubt component it was slightly to the upside a moment ago. exhibits doin

an fha reverse mortgage helps you access that wealth.lions of americans have trusted lendingtree to help them find the best deal on their mortgage. now, let us help match you to fully fha regulated lenders for your reverse mortgage. just go to lendingtree.com, or call now to find out how much you could receive for retirement. lendingtree. when banks compete, you win. announcer: live from riyadh, saudi arabia here is maria bartiromo with a special edition of "mornings with maria." dagen: maria bartiromo about to host that special panel, in saudi arabia with the crown prince at foout investment initiative in riyadh, we will bring you thatly,as soon as we possibly can i am dagen mcdowell sitting here in new york city, some top stories 8:00 a.m. eastern time. earnings blitz on wall street, among the big names reporting today already this morning, general motors caterpillar mcdonald's just how the earnings per share a slight miss revenue came in a little bit higher than expectations we will dick in-- dig into expectations we want to look at u

an fha reverse mortgage helps you access that wealth.er the last 20 years, millions of americans have trusted lendingtree to help them find the best deal on their mortgage. now, let us help match you to fully fha regulated lenders for your reverse mortgage. just go to lendingtree.com, or call now to find out how much you could receive for retirement. lendingtree. when banks compete, you win. dagen: welcome back, i'm dagen mcdowell in for maria bartiromo. it's monday october 23rd, 6:30 a.m. eastern. tough talk to north korea. strong warning to kim jong un regime during exclusive one-on-one interview with maria. >> china is really helping us with respect to north korea. with that being said, we are prepared for everything. we are so prepared like you wouldn't believe. dagen: so much more from maria's interview with the president on north korea's strategy straight ahead. bergdahl defense returning to u.s. was tough as five-year held in captivity. powerful typhoon slamming into japan killing at least four people on election day. the devastat

an fha reverse mortgage helps you access that wealth.the last 20 years, millions of americans have trusted lendingtree to help them find the best deal on their mortgage. now, let us help match you to fully fha regulated lenders for your reverse mortgage. just go to lendingtree.com, or call now to find out how much you could receive for retirement. lendingtree. when banks compete, you win. but he is. he's greater cooperating fully with the special capital's office. turn to the latest harness top calling for "the wall street journal" editorial board says he should resign. the board calling for an investigation into hillary clinton for her role in funding a salacious dossier targeting president trump why they are geared to the democrats colluded with russia. another case of hollywood are of hollywood or last minute. kevin spacey accused of making a advance was another rat air when he was 14 years old. the response to these allegations this morning. fell industrials falling back 40 points. what we expect after record-setting week last week.

so that set me off on this where boeing you also of the airplane company using these fha guarantees. so that is a good example. end to make that most of nominal progress. so challenging the of the death -- the of myth of tragedy but everyone of you lives in a school district and everyone can do something about that. [applause] >> the supreme court justices with the finest educational systems in the world they literally do not understand the significant event for those who did not have access. but that parallel is the ways to stop discriminating. [laughter] they are discriminating on the basis of racism not raise. anything more than a hate crime. said to be implicit in this motion and wandering around in doing stuff. so we have a responsibility. so the actions are way behind that. >> if you have a government agency but if i put it grew in charge what would you do? >> i hate to sound like a broken record that going around the country talking about residential segregation. nothing else would fly. in 1968 nixon was elected president. with the secretary of housing and urban development th

housing and urban development announced it will impose a three month moratorium on foreclosures on fha homes. assist in forbearance and loan modifications. several types of mortgage insurance available. and assist those who lost homes or apartments to find alternative housing. that will be a tall order.>>> it will be a long process.>>> the wildfire burning in the santa cruz mountains. the bear fire is 300 -- 330 acres. for structures have been destroyed. 300 more are threatened. some of the families who have been evacuated are being allowed to return home.>> finally after three full days of fire here in the santa cruz mountains some good news. some of the evacuation orders are being lifted. some residents are allowed back home. fire crews started this morning's briefing talking about the progress they have made so far. they have been working hard. >> we just picked up where you guys left off. starting up here and division alpha, the fire is back down to -- holding on those roads but the only fire was in the alpha bravo -- it held up on that deer creek road. it will stay there. but mac

and there are many, many firms that are on the verge of failure in the fha market today, and the hurricane, i got to tell you, has not helped. there has been a whole series of interest rate shocks and external shocks from weather that are going to decimate that market. and i think people will have to pay attention to this, you know. we have to actually sit down with the regulators and figure out a way to make money. for the last eight years it was all punishment. they weren't concerned with whether the industry could actually make money. that will be a big change. it will make revenues grow, but earnings will be better. >> other comments? okay. other questions. hearing none, we thank you all for coming very much, for the great questions you asked, and let's thank the panel. [ applause ] >> thank you, alex. appreciate it. >> thank you. >>> sunday night an afterwards. >> over 90% of the cases end up in settlements. what does that mean? that means that the woman pretty much never works in her chosen career ever again, and she can never talk about it. she is gagged. now, how else do we solve s

. >> senator from oklahoma, maybe fha director. those would be good names. we will see.ll ahead, the fallout from the gop's failure to repeal and replace obamacare already taking its electoral toll. so is roy moore's victory alabama warning to so-called establishment republicans? can we at least analyze customer traffic? can we push the offer online? legacy technology can handcuff any company. but "yes" is here. the new app will go live monday? yeah. with hewlett-packard enterprise, we're transforming the way we work. with the right mix of hybrid it, everything computes. a trip back to the dthe doctor's office, mean just for a shot. but why go back there, when you can stay home... ...with neulasta onpro? strong chemo can put you at risk of serious infection. neulasta helps reduce infection risk by boosting your white blood cell count, which strengthens your immune system. in a key study, neulasta reduced the risk of infection from 17% to 1%... ...a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day. neulasta is for certain

. >> senator from oklahoma, maybe fha director. those would be good names. we will see.till ahead, the fallout from the gop's failure to repeal and replace obamacare already taking its electoral toll. so is roy moore's victory alabama warning to so-called establishment republicans? ♪ stare with me into the abyss ( ♪ ) ♪ stare with me into the abyss you each drive a ford (all) yes.ght? i'm going to show you a next generation pickup. awesome. let's do this. the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. stronger the better. and best of all, this new truck is actually- (all laughing) oh my.... the current chevy silverado. current chevy owners and lessees get a total value of ten-thousand, six hundred dollars. or, 0% financing for 72 months on this silverado all star. find new roads at your local chevy dealer. >> together we can make america great. we can support the president. don't let anybody in the press think because he supported my opponent that i do not support him and support his agenda. paul: former state supreme court

loans down 8% compared to a year ago fha has long been the loan of choice for first time or lower incomerowers because of its low down payment all these numbers on-line at cnbc.com thank you. >> diana, thank you so much. >>> we're going to be talking ford with other corporate headlines. then at 8:00 a.m. eastern time congressman kevin brady will join us to talk tax reform we'll hear more details, including hopefully what to make of these reports of a fourth tax bracket being added for high werers "squawk box" will be right back. are you ok? what happened? dad kinda walked into my swing. huh? don't you mean dad kind of ruined our hawaii fund? i thud go to the thothpital. there goes the airfair. i don't think health insurance will cover all... of that. buth my fathe! without that cash from - aflac! - we might have to choose between hawaii or your face. hawaii! what? haha...hawaii! you might have less coverage than you think. visit aflac.com and keep your lifestyle healthy. aflac! this ♪s electricity. this is a power plant. this is tim barckholtz. that's me! this is something he is research

federal housing administration, which we still have for fha loans, the u.s. housing authority, which began for the first-time federal construction of housing for the poor. and the fair labor standards act, which included limits on work hours and age of workers and so on. what is amazing to me is that nothing -- none of this existed deal. the new what is amazing is that much of it still does exist today. what is amazing to me today is that much of it is still under attack. and what is amazing is that much of it still needs expansion. for one example, social security benefits should be raised. that would do something to convince people under 40 that social security will be there for them, which, by the way, it will. it is actuarially sound. and then subsequently, the legacy of the new deal has finally fired health care access. and medicare and medicaid in the 60's and the affordable care act in our time. i could go on about that because that is my day job, but i won't. [laughter] and because my wife is tommy i just use all my time. me i just is telling use all

and there are many firms on the verge of failure in the fha market today and the hurricane has not helped. there's been a whole series of interest rate shocks and external shocks that there going to decimate that market. people are go having to to pay attention to this. we have to figure out a way to make money. because for the last eight years it was all punishment. they weren't concerned whether the industry would actually make money. it won't make revenues grow but earnings will be better. okay. other questions? hearing none, we thank you all for coming and for the great questions you asked and we thank the panel.

cost for lending and servicing by 300% and there are many, many firms on the verge of failure in the fha market today and the hurricane, i got to tell you, has not helped. there's been a whole series of interest rate shocks and external shocks from weather that are going to decimate that market and people are going to have to pay attention to this. we have to actually sit down with the regulators and figure out a way to make money because for the last eight years it was all punishment. they weren't concerned with whether the industry could make money. i think that's a big change and it will make revenues grow, but earnings will be better. >> other comments? okay. other questions? hearing none we thank you all for coming very much for the great questions you're asked and let's thank the panel. [ applause ] >> announcer: attorney general jeff sessions spent the morning answering questions about various issues. he was asked about president trump firing fbi director james comey last may. here's the top democrat on the judiciary committee senator dianne feinstein.

does it the heloc interest is calculated exactly the same way on repayment that your first mortgage fhas. "fox & friends" viewers if you are in the phoenix area on november 7th check out dave and rachel's smart money event. they will given seven step proven plan for dumping debt and building wealth. head to foxandfriends.com for more information on that. congratulations, dave, you have just done so well and i'm really proud of you. you are a great guy. thank you. >> thank you. it's an honor to hang out with you guys. ainsley: it's our honor, thank you. the president getting slammed over call to gold star family. marcus luttrell is going to join us to weigh in on that. patients they ask me about whitening all of the time. i tell them the thickness of your enamel determines essentially how white your teeth are going to be. the strength of your teeth needs to be there in order for that whiteness to last. i would definitely recommend pronamel strong and bright to my patients to keep their enamel strong, help to keep stains away, and polish their enamel. they're going to get whiter, brighter