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.
Well, I appreciate what you and your colleagues are doing. It is very important.
we have to start moving toward a solution, not simply waiting, because it seems to be getting worse in my mind.
the model that worked before does not work any longer.
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....
The legislative process, as we prove every day, unfortunately is slow.
It is not going to work.
Should we mandate that 100 percent of loans should at least be evaluated and offered a modification?
We have to think creatively.