it is such an important issue for us as realtors, not only realtors, bankers, regulators thomas consumers as well. regulators, consumers as well. we all agree the bottom line is how can we make more loans through the work each industry which will benefit the consumer, save loans, and protect the consumer as well. thank you. thank each of you for your participation as well. day. a great, chilly [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] fromlook at an article bloomberg news talking about chris christie who received national attention earlier this week when it was revealed that hads in his administration orchestrated a traffic jam as an act of political retaliation. the article points out that he will be unveiling his policy agenda for the year on january 14 but might have a hard time implementing that agenda in the wake of the traffic controversy. it reads that governor chris christie cast himself and his first term as a master of bipartisanship, willing to back legislation introduced by democrats and to prais

using the different data sets actually line up so far. we and ted and the realtors have come up with the same percentage of formula retail as a total percentage and that's from 11 to 15 percent the fact we're using different data and studies coming up with the same results is encouraging to say the least. as i mentioned there are approximately 12 hundred retail establishments that accounts for 11 percent of outlining all retailers. nationally 32 percent of retail establishment include penn 10 or more outlets we we consider 12 outlets to be formula retail. the formula retail accounts for 11 percent of the city it's broken down by usage. it's difficult to read this on the screen judge under 10 percent are retail and approximately 10 percent of restaurants are retail and over 80 percent of all banks are formula retail. and then the next 3 maps are the collective information. this map is the distribution of all retail throughout the city. this map shows formula retail per square mile. and this map is available in a hardcopy for members of the public and this is the most existing map it is the concentration of total retail. so there are a few surp

we also monitor the market as it moves forward to see how this wantts things, and we realtors, among others, to bring information to us as to what you see happening in the marketplace, and we will be open-minded in considering what that means. lenders can choose not to follow these guidelines and simply make a loan based on a reasonable good faith determination that the consumer is able to repay it, but either way, they cannot track consumers in loans that the lenders should recognize are unaffordable. of course, consumers are dealing with difficult now than they did leading up to the crisis. as many americans struggle to pay their mortgages, and millions more are waiting for the market to recover fully before they consider buying a home or selling one that is still under water. for many, the problem is access to credit, which has become achingly tight. since 2008, most mortgages have been priced under various tracks in terms, but access to credit has become so constrained that many consumers cannot buy a home even with reasonable credit history. importantly, our rule makes every effort to take careful account of thes

valuation in this particular case it's a realtor submitting it you can't take the numbers it's not the number that matters you can't take the argument as stated to us. i'm concerned and i want to that with the commission. we're in case = and dooim and this case is huge and i have a hard time understanding it. i feel high pressed to support it based on the questions i'm raising here for what's left for us to do. i think us commission should look at the merger together with the department and looking ahead of the responsibilities of the mayor's office is trying to do and treat it in a manner where it's equal to everybody else when we talk about mergers >> the commissioner raises some good points. to my knowledge there's been this level that's not been utilized in the past for mergers but it's been enforced and utilized many times for demolitions where the value exceeds a certain amount it's not a mandatory dr. those are 317 types of situations. it seems both things apply the same and i think that's the position the city has taken. so what really is before us is not the issue of whether the merger is affordable because it's been established that's the

i have said to the community bankers, i said it to credit unions, to the realtors and a city can do today, as we go, tell us what you're seeing and finding in the market. tell us what your experiences are. we will be sensitive to what's happening in the market. as i said our goals are clear. we want to provide sound consumer protections to people who borrow money to buy homes. we want to make sure that they are being treated responsibly by the lenders and that linking is responsible, we also want to see the real estate market is succeeding, that you have access to the credit they need to improve their lives in the way they like to improve their lives such as buying and owning a home, being able to build wi-fie around that and to do that successfully. the problem in the run up to the financial crisis was that homeownership, much of what was being offered was not sustainable. putting people in the home on a short-term basis that's not going to last in the long-term is not good for them because i prefer the lenders and is not good for the economy as we saw. the biggest problem of credit in our time is still di

realtor down the massive music festival that's going to get us now on stage. everything from top to trying to rap heavy metal one common theme in this music extravaganza that is in season. as the choreographer block of the hit her latest show of modern france turning robots into dancers what about you but when i was a kid it seemed the circus rolled into town was often the highlight of the here and now french kids of all ages are truly getting that derailed thanks to some of the best circus performers in china. the stars of the beijing seconds and on tour all over france with a dazzling mix of contortions as jugglers and acrobats this is a real treat for all these sounds are we despair has more from the big top the dancing queen of the film ready before the curtain goes down. between fourteen and that he is so easy and performance are warming up for sch had taken sixteen set piece is unequal to the town thanks . each. the tasting second specializes in to creep into arts. this case it takes. like the light knowledge i can see the kids right. i was saying that i came back i wonder what the contents. the performance of teams he repeats from the very best tree in shanghai and

using the different data sets actually line up so far. we and ted and the realtors have come up with the same percentage of formula retail as a total percentage and that's from 11 to 15 percent the fact we're using different data and studies coming up with the same results is encouraging to say the least. as i mentioned there are approximately 12 hundred retail establishments that accounts for 11 percent of outlining all retailers. nationally 32 percent of retail establishment include penn 10 or more outlets we we consider 12 outlets to be formula retail. the formula retail accounts for 11 percent of the city it's