Mark Warner actually said...

"It is important also to remember that while it was servicers who caused this problem, it is borrowers who are, of course, paying the price."

"Let me echo what Sheila said on the issue of the housing market and just add to that something I noted in my written testimony."

"These problems may have resulted in problems for borrowers who otherwise may have been able to pay their mortgages."

"We need appropriate regulatory oversight, but sometimes this becomes a transaction cost that makes otherwise fundable projects not fundable."