"a future cyber attack could paralyze the financial sector with devastating consequences for our economy."
"It has to be First Look, first bid."
"I just think it is very important that the First Look Program actually work to help keep homeowners in homes and to help stabilize communities, not, as you say, a box to be checked off before the prop..."
"Give them a crack, and then after that, if it does not succeed, then, fine."
"We certainly are on this one."
"To be blunt, Fannie and Freddie have put home ownership out of the reach of millions of creditworthy families."
"Home ownership remains the principal way for most families to build economic security."
"We should make some changes to the First Look process so that we do not create incentives for investors and cash offers to get a preference."
"I was pleased to see that last week, Treasury announced plans to enhance the existing HAMP modification to avoid some of the problems that these resets will cause."
"Fannie and Freddie have gone in the other direction."
"Well, that is right, and the data would suggest they are not using them."