mr. don kelly, executive director of real estate valuation advocacy association on behalf of the coalition to facilitate appraisal integrity reform. thank you. ms. karen jane mann on behalf of the american society of appraisers and the president of the appraisal institute. thank you all. we will then begin with the testimony and without objection your written statements will be made part of the record. you will each be recognized with a five-minute summary of your testimony. >> good morning. i'm the chief program officer for the national reinvestment coalition. i'm honoreto testify before you today from both a consumer protection and a safety and soundness perspective in order to discuss options for improving the regulatory oversight of stake holders in the housing finance industry. we are an association of more than 600 community based organizations that promote access to basic banking services including credit and savings to create and sustain affordable housing, job development and vibrant communities for america's working families. today the u.s. economy is mired in the worst economic