Michael Bennet actually said...

"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."

"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?"

"that loan be modified and that that person remain in their house, because if they do not, the value of their house is just going to go down."

"I think they are potentially devastating."