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CSPAN Key Capitol Hill Hearings May 15, 2014

There are so many areas of the world getting a lot of attention right now, its hard to know where to begin. Maybe thats how you feel every morning. But just to start with something i know has captured everyones attention the last couple of weeks and that is nigeria. What right now is the state of the search for these young girls who were kidnapped, objected from their school, and this abducted from their school. And the u. S. Has now joined the search with the Nigerian Government. I appreciate you asking about it. This is such a horrific situation. For those of us who are policymakers but also those of us who are parents, as i am, it is heartbreaking to imagine your teenage girl taken away and potentially at risk of being sold into captivity or worse. This has gripped all of us in the administration and across the country. We are doing all he can to support the Nigerian ....

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CSPAN Key Capitol Hill Hearings May 14, 2014

Charter mandates in fannie and freddie. We take those mandates seriously and obviously we think that Congress Took them seriously. Otherwise they would not have written them into the law. So were going to treat them as seriously as we treat every other aspect of fannie and freddies and fhfas statutory mandates. I had a question about servicing, one of the issues we hear a lot about contraction of credit is not only on ortiz when you sell the loan but also when you service the loan. Recently jpmorgans ceo jimmy dimon said he would not want to Serve Service a defaulted loan. We have seen a lot of servicing transfers, out of any and freddie over to nonbank servicers and in recent months we have seen a lot of scrutiny on those servicers. I was wondering if you could comment on some of those transfers. What we might be able to expect in terms of regulation on those nonbank servicers ....

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