I am certainly not satisfied that we have a strategy to address those recertifications.
I encourage every possible effort to try to make this modification track work better because it is an abysmal failure in...
I think all the Members of this Committee have constituents who are in the modification process.
I am completely dissatisfied. We will continue the conversation.
It is important to have national standards, but it is also important to have one regulatory agency that takes this on as...
Thank you very much, Mr. Chair, and I will follow up on your questions related to the put-back with our folks, Mr. Edwar...
Thank you for noting that.
So essentially, you say when there is recognition that a modification cannot be completed, then we need to push through ...
And that would not be because the number of folks falling into foreclosure action is declining, so to what do you attrib...
So often, we are coming into the story down the road when it has exploded.
If I can summarize what I just heard, you are not contesting her analysis of the financial incentives that certainly fav...
Because of the constituents streaming in our doors with the enormous stress connected with working on a modification...
So, Professor, in that case the financial incentives to pursue foreclosure are not offset by, if you will, defense of th...
And that just cannot continue to happen, Mr. Chairman.
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?
OK. So, ballpark, can you tell me between the two institutions or for your institution how many more repurchase--are we ...
Thank you.
