Jeff Merkley actually said...

We are much more worried about this than I think perhaps Treasury is, based on your testimony.

Because of those existing agreements, what you are describing has little practical effect because Fannie and Freddie are telling those servi...

I wish there was, in fact, a rule in place that said the foreclosure track will not be pursued until the modification is completed.

The situation is that often when folks seek a modification, they are told by the servicer, you need to be delinquent before you start this.