So, really, what the problem is is that the person who the counselor may be speaking to on the phone is not the person who is going to make the decision about whether that loan modification is approved or not.

We need legislation that is essentially a 'use it or lose it' bill.

Moral hazard is also for those who created the lending products and drove people to mortgages they should have never been.

While the $26 billion settlement helps homeowners, it is a long way from healing the grievous wounds left by the crisis.

We cannot continuously go back to Washington because you are doing the best you can.

Lowering and reducing principals is also an essential part of keeping folks in their homes.

Thank you for the insights.

Well, my thanks to all of you for some very, very worthwhile and helpful insights.

I think Fannie and Freddie have to be reformed, but they do not have to be abolished.

we support the Senator's advocacy for experimenting with different approaches to disposing of foreclosed properties.

The devil is in the details. The programs have not been set up from that.