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 fashi...
I think we are going to have a tsunami of foreclosures.
I have serious concerns about that process.
And that just cannot continue to happen, Mr. Chairman.
It is not certainly only shocking, but it is one example of how banks have mishandled both foreclosures and mortgage modification requests.
Did the safe harbor not provide enough protection to disconnect the foreclosure track from the modification track?
So that is a process you are actively pursuing? You are requesting those changes in the servicing contract?
If I can summarize what I just heard, you are not contesting her analysis of the financial incentives that certainly favor foreclosure, but ...
That would be great. This is the last question I will ask, though everything we talk about is so complex and interrelated, I have 100 questi...