Subject: File No. S7-14-11
From: Rod Erickson

May 23, 2011

For my recent home purchase, I was able to put more than 20% down, but I feel I am one of the few. However, I still have a home to sell and feel the under 20% high risk/higher interest category will limit the number of buyers and lower my potential selling price. I'm all for eliminating risky loans and the resulting foreclosures, but this is going to create a disincentive for home sales and a further drag on the economy. I don't think that's what we need right now.