mr. demarco as well. is a 30 year mortgage necessary and why? >> now you've got me into congressional territory. i think that's a decision that really is more appropriately made. i can tell you that demographics are changing. people are a lot more mobile than they used to be and a 30 year mortgage was bottoms on people staying in the same place for 30 years or that assumption. >> and unaffected what did you and lower payment. so there i mean, there are a lot of factors that go into that but that's not really the a decision that fhfa is going to make. that's a decision that is because more appropriate made in the legislative context. >> personally, i think it might be the private market space that is probably where most of that is. i don't know if you're aware of this, and i'm going to quote this. most mortgages -- the 50 year home loan. that gets me very, very nervous when we are having these types of time friends out there. thank you, mr. chairman. >> mr.. >> mr. chairman, just for his information. we don't allow that fannie and freddie, to bac

mr. demarco, as well. is a 30-year mortgage necessary? and why? >> now you've got me into congressional territory. that's a decision more appropriately made. i can tell you that demographics are changing. people are a lot more mobile than they used to be. and a 30-year mortgage was bottomed on people staying in the same place for 30 years or that assumption. and on the fact that it would get you a lower payment if it -- so there i mean there are a lot of factors that go into that. that's not really a decision that fhfa is going to make. that's a decision that i think is more appropriately made in the legislative context. >> personally i think it might be the private market space that is probably where most of that is. >> that's true also. >> i don't know if you're aware of this and i'm going to quote this. the me50-year home loan. that gets me very, very nervous when we are having these types of time frames out there. appreciate it. thank you, mr. chairman. >> we don't allow that fannie or freddie to back 50-year mortgages. 30 years is our limit.

mr. demarco as well. is a 30-year mortgage necessary and why? >> now you got me into congressional territory. i think that's a decision that really is more appropriately made. i can tell you that demographics are changing. people are a lot more mobile than they used to be. and a 30-year mortgage would help people pay for the same place for 30 years and it would help you get a lower payment. there are a lot of factors that go into that, but that's not a decision that fhfa is going to make, that's a decision more appropriately made in the legislative context. >> personally, i think it might be the private marketplace. i don't know if you're aware of this but i'm going to quote this. the methuselah of home prices has arrived. that makes me nervous. thank you. >> we don't allow freddie and fannie to back those mortgages. 30 years is our limit. >> that's one of the first times i agree with you. i was about to give you more time. instead we will turn to the gentleman from texas recognized for five minutes. >> thank you mr. chairman. i was in another c

mr. demarco as well. is a 30-year mortgage necessary? and why? >> now you've got me into congressional territory. i think that's a decision that really is more appropriately made. i can tell you that demographics are changing. people are a lot more mobile than they used to be. and a 30-year mortgage was bottomed on people staying in the same place for 30 years or that assumption. and on the fact that it would get you a lower payment if it -- so there, i mean there are a lot of factors that go into that. but that's not really a decision that fhfa is going to make. that is a decision that i think is more appropriately made in the legislative context. >> i personally think it might be the private market space that is probably where that most of that is. >> that is true also. >> i don't know if you're aware of this. i will quote this. the more thuse la of mortgages have ariveed the 50 year home loan. that makes me very nervous. i appreciate it. thank you, mr. chairman. >> just for his information we don't allow that fannie or freddie to back 50-year

mr. joe galarad and behalf of avalos, for aaron oliver barns junior and joe linardo and for breed, miss king, and campos, for the late miss ramona demarco and ferrill, for the late, miss beverly deangelo. >> colleagues this brings us to the end of the agenda, madam clerk is there any further business before us this evening? >> that concludes the business for us. >> okay, our meeting is adjourned. thank you colleagues.adjourned. ♪ ♪ ♪ ♪ hello and welcome to this presentation. i'm san francisco purrs since that time we've helped people clean up their criminal records. we created this to help you understand how this worked. we'll plan or explain all the steps. after watching this program you'll know what to expect after completing the process. hi there are i'm deputy and i'm part of the clean slate team. the first thing we will need to know whether your despicable to have our convictions dismissed can't be on parole or currently charged with a crime or serving a sentence and it must be from san francisco. while your colleagues will get to know your circumstances there are 3 steps. getting the clean slate process started it simple you can g

mr. joe galarad and behalf of avalos, for aaron oliver barns junior and joe linardo and for breed, miss king, and campos, for the late miss ramona demarco and ferrill, for the late, miss beverly deangelo. >> colleagues this brings us to the end of the agenda, madam clerk is there any further business before us this evening? >> that concludes the business for us. >> okay, our meeting is adjourned. thank you colleagues. >> on december 28 1912. san francisco mayor, sonny jim rolph stared into the crowds of those who have gathered. a moment in history. the birth of a publicly own transit system. san francisco municipal railway. muni as it would become to be known. happy birthday muni, here is to the next 100 years. the birth of muni had been a long-time coming. over the years the city was disjointed privately owned companies. horses and steam and electric-powered vehicles. creating a hodgepodge of transit options. none of them particularly satisfying to city residents. the city transit system like the city itself would have changes during the san francisco earthquake. the transition that will pursue from this aftermath would change san fran

mr. joe galarad and behalf of avalos, for aaron oliver barns junior and joe linardo and for breed, miss king, and campos, for the late miss ramona demarco and ferrill, for the late, miss beverly deangelo. >> colleagues this brings us to the end of the agenda, madam clerk is there any further business before us this evening? >> that concludes the business for us. >> okay, our meeting is adjourned. thank you colleagues.