Subject: File No. S7-14-11
From: Kelly Seiler

July 5, 2011

Docket Number OCC-2010-0002
Docket No. R-1411
FileNumber S7-14-11
RIN number 2590-AA43

A 20% down paymentis an appropriate level for a "qualified residential mortgage". Banks are free to issue loans with a lower percent downpayment as long as they hold onto a percentage of the loan. Seems pretty straightforward to me. If it took you 10 years to save the money to put down on a house, you're going to think long and hard about walking away.

Kelly Seiler
Electrical Engineer
San Diego, CA