"So we know reform is necessary and there has to be a clear plan for ending this unlimited taxpayer assistance for Fannie and Freddie."
"As we sit here today, millions of Americans are out of work and many more are struggling with unaffordable mortgage payments, negative home equity, or foreclosure."
"Well, any kind of radical change in the role of the GSEs could also mean a dramatic change for FHA and Ginnie Mae, and I am concerned about the prospect of FHA taking on significant increase in new bu..."
"About a year ago, the administration launched their Making Home Affordable to help homeowners with foreclosure."
"I want to know that the banks are working to do this rather than doing everything they can to make it not work or stall it or not get involved."
"I actually do not expect mortgage rates to back up as significantly as some of the extreme negative views are when the Fed steps out."
"At home I am hearing from a lot of counselors and homeowners about the problems that they are facing in getting permanent mortgage modifications."
"Thirty percent is too much. We all agree with that."
"I am concerned that this could provide some serious instability in the market."
"And the other question I wanted to ask you about is the so-called shadow inventory."
"Thank you very much."