mr. turner: mr. speaker, i yield myself such time as i may consum the speaker pro tempore: the gentleman is recognized. mr. turner: mr. speaker, i rise today in support of house resolution 1330, recognizing june 8, 2010, as world ocean day. it's particularly fitting that today this resolution gives us e opportunity to take some time and appreciate the beauty of our oceans and think about ways we can work to protect our oceans for generations to come. all americans as well as people from around the world realize the importance of oceans. people enjoy playing, boating, fishing, or simply being along the beachscape and along our oceans. oceans fascinate many children who learn about the animals that live under the sea. certainly in light of the national crisis that is currently aoccurring in the gulf with the oil leak, this resoluti gives us context in which to understand the risk from the delayed response that is occurring to stop the leak in the gulf. we rely on oceans every day for our regular way of

mr. turner of ohio. the chair: t gentleman from ohio, mr. turner, and a mber opposed each will contl five minute the gentleman from ohio. mr. tuner: i have an amendment that caps the authority for the federal housing administration at $20,000. government program ensure -- insure --nsure mortgage on a home worth three quarters of million dollar for low income home owns. this contributes tohe over inflated housing values that contributed to t foreclosure crisis from the ginning. the morage foreclose crisis is not over, mr. chairman. there are still too my american families that are confronted every day with the skhey mht lostheir ohm. washington should note in the role of enabling this crisis. we need to begin rucing the dependence of these communities from artificl support and give the privateector e ability to ep back into the market. the best place to facilitate this is to lower the f.h.a. limit on loans under half million dolls. f.h.a. has taditionally focused on low to moderate income familieseeking to purchase a home. for good reason. f..

mr. turner of ohio, amendment number 12, mr. edrds texas, amendment number 13, by mr. half ty o new york. the unfind business is the est for a recorded vote printed in sspe report 111-503, by the gtlewoman from california, ms. waters, on which further proceedings were postned, on whi the ayes prevailed by voice vot the clerk will redesignate the endment. the clerk: amdment number one, printed in house report 111-503, oeredy mswatters of california. the chair: ecorded vote has been requted. hose in pport of the request r a recoed ve wi rise and ounted. a sufficient number having risea recorded vot ordered. members will record their votes by electric deve ts is a by electric deve ts is a 15-mute v the chair: without jection, the fiveinute vong will continue. e unfinished business is the request for a recorded vote on amdment number five printed in russ po--ouse report 111-503, by the gentleman om new jeey, mr. garerornine which furth proceedingsere postponed and the nays prevailed by vceote. thclerk wl redesignate the amendnt. the erk: amendment numr five printed inouse

mr. turner? >> thank ou, mr. chairman. thank you for all being here. and thank you for being so helpful in your answers, because as you know we a all struggling and trying to figure this out. you have specific expertise not only in your view of the government program but in the issue of wh is happening in the market, what is happening with homeowners, and what needs to be done. i appreciate you have been so forthcoming. as i said in the opening, treasury secretary geithner, yesterday, when appearing before the congressional oversight panel, hamp said,, "this program was not designed to prevent foreclosures." it was not designed to sustain home ownership. he was then asked about the home ownership rate level. what would be a market- efficient number? someone offered 65%. he tended to agree that was an objective. geithner said he agreed with the assessment that housing will only stabilized as more homeowners becomrenters again. do you guys agree with that? do you agree with our treasury secretary that the market will only stabilise as more homeowners bec

mr. turner. >> yes. can you clarify how the time is? there are five minutes over there and five minutes over here. >> yes, he yields back, so we still have three minutes on this side. >> mr. chairman, you the acknowledged the request by the ranking member for a representative from treasury to reduce said we can only do so much in one day. we are hard-working committee. >> will the gentleman yield for a second? we have had treasury. >> you have not had them since monday when they had the report issued the said the program is failing. i have serious questions. just yesterday, the treasury secretary appeared before the congressional oversight panel. he was asked a question about hamp. he said this program was not designed to prevent foreclosures. it was not designed to sustain home ownership at a level that would be unachievable. he goes on to say, "i think you are describing exactly the objectives that have shaped this program." in response, the chair said, "i was surprised and frustrated by the notion that the secretary seemed to be sayin

mr. turner? >> thank ou, mr. chairman. thank you for all being here. and thank you for being so helpful in your answers, because as you know we are all struggling and trying to figure this out. you have specific expertise not only in your view of the government program but in the issue of what is happening in the market, what is happening with homeowners, and what needs to be done. i appreciate you have been so forthcoming. as i said in the opening, treasury secretary geithner, yesterday, when appearing before the congressional oversight panel, hamp said,, "this program was not designed to prevent foreclosures." it was not designed to sustain home ownership. he was then asked about the home ownership rate level. what would be a market- efficient number? someone offered 65%. he tended to agree that was an objective. geithner said he agreed with the assessment that housing will only stabilized as more homeowners become renters again. do you guys agree with that? do you agree with our treasury secretary that the market will only stabilise as more homeowne

mr. turner. >> thank you all for being here.s you know, we are all struggling and trying to figure this out. in the issue of what is happening in the market, i appreciate that you have been so forthcoming. as i said in my opening, the treasury secretary said yesterday about campus -- h.a.m.p., this program was not designed to prevent foreclosures. he was back and asked about the home ownership rate level. would it be a market-efficient number. someone offered 65% in he tended to agree that that was an adept -- an objective. that near said he agreed with the assessment -- the treasury secretary said he agreed that the market will stabilize what homeowners become renters. do you agree with that? >> i am not qualified to answer for the treasury secretary's response. when we focus on h.a.m.p. as an industry, we wanted to create a base line across the country. last year, h.a.m.p. has done a great deal to get a uniform base line. there will be fought out. i believe the focus needs to move above and beyond modifications. there are othe