It is important to have national standards, but it is also important to have one regulatory agency that takes this on as its job with an eye to protecting consumers.
Thank you very much, Mr. Chair, and I will follow up on your questions related to the put-back with our folks, Mr. Edwar...
Thank you for noting that.
So essentially, you say when there is recognition that a modification cannot be completed, then we need to push through ...
And that would not be because the number of folks falling into foreclosure action is declining, so to what do you attrib...
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 ...
Thank you.
The situation is that often when folks seek a modification, they are told by the servicer, you need to be delinquent bef...
I wish there was, in fact, a rule in place that said the foreclosure track will not be pursued until the modification is...
Because of those existing agreements, what you are describing has little practical effect because Fannie and Freddie are...