Daniel Akaka actually said...

"Homeowners are under a tremendous amount of financial stress right now, which is what makes the recent reports of problems within the mortgage servicing industry all the more troubling."

"We urgently need that funding."

"Foreclosure should be servicer's last resort, not its preferred outcome."

"Too many homeowners in our country have faced the threat of foreclosures, and hearing our witnesses here, I think of Hawaii as suffering from this."