The current servicing model was never designed for the high delinquency environment we are experiencing today and the system is fundamentally broken.

We must find a way to make sure that all borrowers who have the desire to keep their home and qualify for a modification receive that modification.

It is well past time to once and for all tackle the issue of foreclosures and loan modifications with the resources and urgency it deserves.

Money and profits should not trump the law.

Nothing could be further from the truth. The servicers' troubles are not based on an inability to comply with differences in State law.