mr. mchenry, thank you. >> mr. chao, all my constituents care about, want the know, is when they log on, is their data, all of their personally identifiable information, is that as secure as if nay do online banking? >> it was designed, implemented -- >> i mean, that's a yes or no question. >> it was design ed, implemente and tested to be secure. >> so it was fully tested. >> best

mr. mchenry, thank you. constituentsall my are about, when they log on is there data, all their personal ible -- identifiable information, is that will as secure as if they do online banking? >> it was designed, implemented -- >> that's a yes or no question. >> it was designed, implemented, and tested to be secure. >> so it was fully tested and best practices under the federal government standard for i.t. proposals. >> correct. security enrollment assessment testing conducted by mitre and another company. >> ok. so it's fully tested as the other i.t. projects you have overseen to that same standard? >> i'm trying to understand what you mean by fully tested. it was tested in according -- >> fully tested. holy cow, this is like a new low . complete the -- a integrated testing. is that correct? >> it is tested, prescribed framework and nist controls specified as a standard. >> why did your office -- why did your boss resign? >> he didn't resign. >> ok. your readiness -- >> i think he designeded to make a career

mr. mchenry: to address the house for one minute. steve: the gentleman is recognized. mr. mchenry: since the affordable care act was introduced president obama claimed time and time again, if you like your insurance can you keep it. over the last six weeks i have heard from numerous constituents across western north carolina that that was not what they were experiencing. unfortunately they had canceled policies because of oo obamacare. steve, pastor in hickory, received notice husband plan with a premium of $695 is being canceled. his new plan's premium, $1,500? marcia in claire month had her current plan cancel. the replacement was 1 3% more in cost. milton a retiree from denver had his policy canceled, the replacement, not only has high deductibles and co-pays, but also precludes him from seeing his curn doctor? i heard from terry a self-employed woman whose premiums were $359 a month until obamacare canceled these plans and her new premium is $759 a month. i ask my colleagues on the other side of the aisle to join with us in passing the keep your health care plan, to hol

mr. mchenry's as safe, is the website and secure as online banking website? >> i would have to look and assess the security. it is preliminary. they did not test the interface. interface testing needs to occur. we have raised issues. >> would you put your information in their? re? >> i would have to see the testing before i was comfortable. >> the answer is not yes. >> mr. chao, which you put all the information of you and your it?d ones anin >> yes. i had my sister put it in. mentioned, there are teams in place under the chief information security officer. >> mr. chairman, this is something we have to follow-up on. federal government is lucky to have somebody like you engaged in this process. is a comfort that you are looking at this and spending time. -- it is a comfort that you are looking and spending time on this. have you ever shop at amazon or ebay? >> no. >> as a californian, i am offended. >> when you put something in a shopping cart, is that considered a sale? >> no. >> thank you. i yield back. >> mr. chao, you feel that things are out of context. m

mr. mchenry for five minutes. >> thank you for being here today and for your testimony. there is a question about being a countercyclical force, you talk about legacy loans that you are dealing with now. now, what years are we talking about in particular? >> if you look at the chart on page two of the testimony, it is very small -- >> 2001 and 2009. >> and not period of time there was a 3% down payment, no minimum credit score, lack of the risk-based pricing. is that correct cracks >> i'm not sure i heard all three of those but yes. >> what is different now? >> what is different now -- >> do you still have a 3% down payment requirement? >> 3.5% down payment and 10% if you were under 580. >> but under fight 80 -- so you are making lending to those under ytd for the score. >> today let me just be clear virtually none. >> virtually none or none? >> if you look at the changes we've made in the credit policy not just a down payment of overall credit policies and the tightening but we have done, it is a large percentage, 30 to 40% of our portfolio in the past was lower fico sc