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 mod...
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 fav...
That would be great. This is the last question I will ask, though everything we talk about is so complex and interrelate...
I just wanted to clarify a couple of points.
I am very concerned about the legal issues getting resolved, in part because this poses a huge systemic risk to our bank...
So we have so many folks coming to our office in Oregon who over here are working with the servicer to modify their loan...