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 Congressi...
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...