SPEAKER INDEX CONTENTS INSERTS BAKER 1 2 3 4 5 9 10 11 12 15 17 21 24 25 26 30 31 34 35 38 39 42 43 44 45 46 50 53 54 55 56 57 58 FLAKE 21 22 23 24 KANJORSKI 2 12 13 14 15 KINSEY 39 43 44 49 50 54 LEACH 2 12 15 17 50 51 52 53 58 MORRISON 35 44 45 47 RETSINAS 30 31 48 51 52 53 55 56 57 SESSIONS 21 SHEAR 11 12 13 14 17 23 28 STROMBERG 4 5 9 10 11 12 13 16 18 19 20 21 22 23 25 26 27 28 29 30 VENTO 3 17 18 19 20 21 27 28 29 47 48 49 50 54 CONTENTS SPEAKERS INSERTS STATEMENT OF JEAN G. STROMBERG, DIRECTOR, FINANCIAL INSTITUTIONS AND MARKET ISSUES, GENERAL ACCOUNTING OFFICE; ACCOMPANIED BY WILLIAM B. SHEAR, ASSISTANT DIRECTOR, GENERAL GOVERNMENT DIVISION; AND KAY HARRIS, ASSISTANT DIRECTOR, FINANCIAL INSTITUTIONS AND MARKET ISSUES PAGE 4 STATEMENT OF HON. NICHOLAS P. RETSINAS, ASSISTANT SECRETARY FOR HOUSING AND FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PAGE 30 STATEMENT OF BRUCE A. MORRISON, CHAIRMAN, FEDERAL HOUSING FINANCE BOARD PAGE 35 STATEMENT OF MARK A. KINSEY, ACTING DIRECTOR, OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT PAGE 39 INSERTS SPEAKERS CONTENTS NO INSERTS IN THIS HEARING