the model that worked before does not work any longer.
this situation was bad a year ago. It is worse today, and it might get worse.
the best outcome is to keep a person in their home and to keep them paying, and we are all advantaged by doing that.
Time is of the essence.
It is not going to work.
Well, I appreciate what you and your colleagues are doing. It is very important.
Should we mandate that 100 percent of loans should at least be evaluated and offered a modification?
our goal is to change the paradigm within the current system so that it functions.
And if the economy gets worse for reasons not directly related to this, such as the sovereign debt crisis overseas, etc....
But just again, your process, because of the negotiations, because of the complexity, we expect--you expect months from ...
Thank you so much for your work on supporting servicing reform.