How can any servicer or any lender say you have to be delinquent? There should be a consequence for that. It is false.

You testified that servicers have incentives that keep them from forgiving principal, even when doing so might be better for the investor as well as the homeowner. How do you explain that?

Let me ask you this. When are those--will those with VA, FHA, and home equity loans be eligible for the program?

So in Mr. Perretta's case, you would advocate having the Government give him a direct grant and/or loan in order to meet his present challenge?

If the data coming out in August and then this fall supports our experience that changes to HAMP in design and implementation cannot address the foreclosure crisis, mandated loan modifications, bankruptcy reform, and servicing legislation…

community banks are likely to have greatly increased fees to fund a system that falls disproportionately and unfairly on them.

So it just seems to me that when we go down the list of questions of what the average consumer might find themselves in, we see the incentives, for example, in the mortgage crisis for lenders to move people into products that, at the end…

I do have concerns about how we structure this in a way that affects community banks that clearly have not been at the forefront of our economic challenges.

I am always impressed when I go to places that have good transit with how much happier the kids are.

Let me start by congratulating the House of Representatives on passing a cap and trade bill last month.

This Committee doesn't have to wait for 18 months. We can begin to do an awful lot here in this Committee to highlight the interest and the concerns about these matters.

I don't have the sense of that. And so, I'd like--you know, I look at what the GAO report said about our ability to validate funds.