You are envisioning a regulatory solution initially which would use what authorities you have, which are substantial.
I think this echoes one of the recommendations that Ms. Thompson has made and which is included in the legislation I hav...
this situation was bad a year ago. It is worse today, and it might get worse.
Time is of the essence.
It is not going to work.
Should we mandate that 100 percent of loans should at least be evaluated and offered a modification?
the best outcome is to keep a person in their home and to keep them paying, and we are all advantaged by doing that.
our goal is to change the paradigm within the current system so that it functions.
But just again, your process, because of the negotiations, because of the complexity, we expect--you expect months from ...
Thank you so much for your work on supporting servicing reform.
Well, I appreciate what you and your colleagues are doing. It is very important.
the model that worked before does not work any longer.
we have to start moving toward a solution, not simply waiting, because it seems to be getting worse in my mind.
And if the economy gets worse for reasons not directly related to this, such as the sovereign debt crisis overseas, etc....
The legislative process, as we prove every day, unfortunately is slow.
The administration's Home Affordable Modification Program, while well intentioned, has not succeeded in producing enough...
Many of these servicers are not even providing a human being to confirm that the foreclosure is warranted.
This has long appeared to be the most efficient and least costly way to keep families in their homes.
