"And that would not be because the number of folks falling into foreclosure action is declining, so to what do you attribute that?"
"So often, we are coming into the story down the road when it has exploded."
"OK. So, ballpark, can you tell me between the two institutions or for your institution how many more repurchase--are we talking a billion dollars a month or are we talking about a billion dollars ever..."
"Thank you."
"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."
"I wish there was, in fact, a rule in place that said the foreclosure track will not be pursued until the modification is completed."
"Because of those existing agreements, what you are describing has little practical effect because Fannie and Freddie are telling those servicers to continue with the foreclosure process."
"We are much more worried about this than I think perhaps Treasury is, based on your testimony."
"That does not seem to be working in a way that we want it to."
"Thank you for your leadership on Dodd-Frank, a huge effort to try to stabilize our financial sector."
"I think it is important that you flagged it in your testimony and that we continue to pay attention to it in a Congressional oversight fashion."