I think the current pay structures are incentivizing servicers to either not modify or just continue with their behavior.
several years ago, I introduced a bill to change the bankruptcy law to say that the primary residence could be considered for modification o...
I couldn't agree with you more.
Fannie Mae and Freddie Mac...literally, the Government guarantors of mortgages, on a wholesale basis across America.
Mortgages would not be made today, but for the fact that Fannie and Freddie are standing behind those mortgages.
I really think the program should be mandatory so that people follow it, or at least have real teeth.
I just want to say, too, that, even when all the information is in... they're still making the wrong decisions.
We are inviting our Republican colleagues from states like Arizona, where the law enforcement officials have invited them to join us in this...
Thank you.
Are you going to name names in this?
I am pleased to convene this hearing and apologize for being a few minutes late.