I think this echoes one of the recommendations that Ms. Thompson has made and which is included in the legislation I have.
the best outcome is to keep a person in their home and to keep them paying, and we are all advantaged by doing that.
Well, I appreciate what you and your colleagues are doing. It is very important.
this situation was bad a year ago. It is worse today, and it might get worse.
It is not going to work.
the model that worked before does not work any longer.
The legislative process, as we prove every day, unfortunately is slow.
You are envisioning a regulatory solution initially which would use what authorities you have, which are substantial.
Time is of the essence.
But what I am concerned about is that the people who will be left out are the mortgage holders who are struggling to stay in their homes--no...
And if the economy gets worse for reasons not directly related to this, such as the sovereign debt crisis overseas, etc., then the foreclosu...