Thank you very much, Madam Chair, and thank you all for your testimony today to highlight the importance of these projec...
By the Corps' own data, Oregon has nearly 200 communities and 24 counties with levees that will need recertification.
I can hardly go to a town hall and not have someone speak about the challenges to the community from the recertification...
If I can summarize what I just heard, you are not contesting her analysis of the financial incentives that certainly fav...
So that is a process you are actively pursuing? You are requesting those changes in the servicing contract?
Did the safe harbor not provide enough protection to disconnect the foreclosure track from the modification track?
It is not certainly only shocking, but it is one example of how banks have mishandled both foreclosures and mortgage mod...
I have serious concerns about that process.
And that just cannot continue to happen, Mr. Chairman.
I think it is important that you flagged it in your testimony and that we continue to pay attention to it in a Congressi...
I will just close with this comment, and that is that the perspective presented by major banks before this Committee was...
Thank you for your leadership on Dodd-Frank, a huge effort to try to stabilize our financial sector.
That does not seem to be working in a way that we want it to.
We are much more worried about this than I think perhaps Treasury is, based on your testimony.
We all like things to be efficient and move quickly, get resolution for people, clarity for people.
OK. So let me lay it out this way, then. If the four largest banks have reserves for repurchase of about $10 billion...
Thank you for noting that.
And that would not be because the number of folks falling into foreclosure action is declining, so to what do you attrib...
