Bob Bennett: “Yes, yes; well, okay, if the program becomes an open-ended entitlement, as some have suggested, do you have any estimate…”

We do not make money when we foreclose on customers. It is in our best interest to figure out ways to make loans perform again.

I can understand the impulse for a moratorium. I am not at all sure that a blanket moratorium as broad as this one will produce any higher degree of safety than a more targeted kind of thing.

We will not only lose the industry, we will lose the skills that go with it.

I would urge you to have conversations with whatever 'elves' within the administration you deal with, over at OMB, because I think that's where the decision was made.