I find this a despicable practice and I have gone after the people who do it.

It's the loss of a home. It's the anguish of having to uproot your family.

one of the things I am thinking about is giving homeowners facing foreclosure the option as a last resort of renting their home for a period of time at a fair market rate.

It is sort of befuddling as to why it is not working, but it clearly isn't working the way it should be and so you need to change things.

People like Donna Pierce didn't deserve to lose their homes.

Do you think many of the other banks would be willing to accept that kind of methodology?

It doesn't seem to me to be too hard to figure out a fair rent.

The standards by which these loans were allowed to go forward were lax and unrealistic.

I happen to be one that believes that the idea of principal reduction makes a lot more sense than interest rate reduction.

The banks and servicers complain that the Administration rolled out its plan too quickly without consulting them.

I can't believe that two full years after the first signs of this crisis were becoming plain for all to see, we are still sitting here talking about how to prevent foreclosures.