The effort that you have undertaken to come in here and to do that is really valuable for us.

It gives Senator Reed and me real leverage in Washington to be able to do this.

I mean, one of the things that we have been trying to do is to incentivize, one way to describe it, a much more proactive, much more focused can-do attitude on the service of the banks to get it done.

We have to think creatively.

The foreclosure issue is not only a drag on the economy, but... it is a source of exasperation, anxiety, anger, frustration, and much more for families trying to deal with it.

That strikes me as not only unfair but terribly inefficient, because the point of a lot of the macroeconomic policy has been to lower interest rates.

I just find it--'ironic' is too mild a term.

Many of these servicers are not even providing a human being to confirm that the foreclosure is warranted.

Thank you very much for listening, and I am happy to answer any questions.

I want to give Jack great credit for the success of that.

The administration's Home Affordable Modification Program, while well intentioned, has not succeeded in producing enough modifications.

This has long appeared to be the most efficient and least costly way to keep families in their homes.

This has been, I think, a very helpful hearing, and I want to say some particular thank you's.

I know that Richard Godfrey and the Rhode Island Housing team is working very hard to get that up and operating and helping.

It is our hope that we could generate such a provision on a bipartisan basis.

Mr. President, I thank the distinguished Senator from Michigan for her eloquent words that try to bring into this institution some of the difficulties and anxiety and pain families in our States particularly are feeling. Because while the…

Mr. President, yesterday we were again thwarted in our attempts to take another important step in supporting our Nation's economic recovery. in 2009, we passed the American Recovery and Reinvestment Act, which provided a much needed…

I want to commend you because you have identified a significant issue, both the impact on the taxpayer and the impact on the people who we're trying to help, students, people all across this country.