"Using technology [in an innovative manner], I think we have the best of both worlds. We serve the clients better. They’re happy with us. We save them time and money, and as they interact with us [more effectively] we save [the City] time and money.”
"Fannie and Freddie are the backbone of the mortgage market in this country. Unfortunately, when they were created, the law allowed them to have very thin capitalization. They could be leveraged up to 100 to 1, if you will—unbelievable leverage.”
Federal agencies have been required to report performance information for a decade. Several organizations, such as the Association for Government Accountants and the Mercatus Center, have been assessing the quality of these reports.