Treasury must do a better job of holding servicers accountable.
Mortgages would not be made today, but for the fact that Fannie and Freddie are standing behind those mortgages.
I couldn't agree with you more.
Treasury must exercise greater oversight of Fannie and Freddie, who are supposed to be overseeing the servicers.
several years ago, I introduced a bill to change the bankruptcy law to say that the primary residence could be considere...
I might just say, in followup to that, if I understand the logic behind this, TARP carries with it a negative connotatio...
Foreclosure prevention is not just the right way to alleviate suffering, but it is the lynchpin around which all other e...
I think the current pay structures are incentivizing servicers to either not modify or just continue with their behavior...
I would like to endorse support for community banks.
If we fail to stop our own approaching tsunami of red ink, then the futures of our children and our grandchildren will b...
it's important to look at the broad dimensions of the program, still.
One of the things we've found... it was virtually impossible to figure out who was holding the mortgage...
To my regret, the Senate did not provide homeowners with a meaningful chance to save their homes through the bankruptcy ...
we're going to continue to work to make sure that we can reach a larger fraction of homeowners at risk of foreclosure.
Fannie Mae and Freddie Mac...literally, the Government guarantors of mortgages, on a wholesale basis across America.
Thank you.
And we're going to do it by-- bank by bank.
we're going to provide more of that relief in the form of reduced principal payments.
