So, Professor, in that case the financial incentives to pursue foreclosure are not offset by, if you will, defense of th...
I think we are going to have a tsunami of foreclosures.
I just want to put that forward.
We have made our new payment for over a year and are still receiving foreclosure notices.
So we have so many folks coming to our office in Oregon who over here are working with the servicer to modify their loan...
I am very concerned about the legal issues getting resolved, in part because this poses a huge systemic risk to our bank...
I just wanted to clarify a couple of points.
That would be great. This is the last question I will ask, though everything we talk about is so complex and interrelate...
So often, we are coming into the story down the road when it has exploded.
Thank you very much, Mr. Chair, and I will follow up on your questions related to the put-back with our folks, Mr. Edwar...
So essentially, you say when there is recognition that a modification cannot be completed, then we need to push through ...
The current foreclosure crisis has been difficult and unprecedented, and we are far from done.
Because of those existing agreements, what you are describing has little practical effect because Fannie and Freddie are...
I encourage every possible effort to try to make this modification track work better because it is an abysmal failure in...
Because of the constituents streaming in our doors with the enormous stress connected with working on a modification...
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.
I wish there was, in fact, a rule in place that said the foreclosure track will not be pursued until the modification is...
