contribute to a settlement fund that the commission would manage to pay claims to homeowners who suffered from improper foreclosures. eligible homeowners would include tens of thousands of those whose banks screwed up foreclosure paperwork in court. the 50 states attorneys general are now pushing big banks to settle with them, so bair thinks a special commission is a real possibility. >> i think there is going to be a negotiated process here, so who knows what is going to come out of it. but we think helping to define this to date is helpful to move the process forward. yes, i think there is a possibility it will get something like this in place. i do. >> reporter: this commission and any settlement fund would not pay anyone who lost their house in a legitimate foreclosure, someone who for example, bought more house than they could afford. and could not make the monthly payments. chris? >> chris: peter, thanks. the first hearing in the obama administration by the new