I think this echoes one of the recommendations that Ms. Thompson has made and which is included in the legislation I have.
we have to start moving toward a solution, not simply waiting, because it seems to be getting worse in my mind.
Should we mandate that 100 percent of loans should at least be evaluated and offered a modification?
Well, I appreciate what you and your colleagues are doing. It is very important.
the best outcome is to keep a person in their home and to keep them paying, and we are all advantaged by doing that.
this situation was bad a year ago. It is worse today, and it might get worse.
the model that worked before does not work any longer.
But what I am concerned about is that the people who will be left out are the mortgage holders who are struggling to sta...
You are envisioning a regulatory solution initially which would use what authorities you have, which are substantial.
The legislative process, as we prove every day, unfortunately is slow.
It is not going to work.