09/15/2015
https://www.congress.gov...
"But it seems it is clearly in the interest of people that can pay on their loans at a reduced value and who want to stay in their home, it is clearly in their interest to do that, right?"
"the value of the modified mortgage is worth more than the proceeds from a foreclosure sale would be, it would seem to me, and I could be wrong."
"And it is a boondoggle of a mess, and I think there is some--and the thing that I cannot understand is where the misalignment of interest is here, because we have millions of people in this country th..."
"the entire economic recovery in many respects rests on our being able to get this sorted out."