Next the director of the federal Housing Finance agency testifying on housing and mortgages during the coronavirus pandemic. House Financial Services Committee Members asked him how his agency is handling the rice in foreclosures and forbearances as well as the operations of fannie mae and freddie mac. The hearing runs over three hours. The committee will come to order. Before we begin, i want to remind members of a few matters including some required by the regulations accompanying House Resolution 965, which established a framework for Remote Committee proceedings. First, i would ask all members to keep themselves muted when theyre not being recognized. It will minimize disturbances while members are asking questions of our witnesses. Members are responsible for muting and unmuting themselves. The staff have been instructed not to mute members except when theyre not being recognized and theres background noise. Members are reminded that they may only attend one remote hearing at a ti
I would like to call the meeting to order at this time and i would like to come if i may give just a brief overview of what you can expect. There will be an Opening Statement of the chair. An Opening Statement of the Ranking Member. And Opening Statement from chairwoman waters. Introduced andbe will give their Opening Statement. And then there will be q a. The title of todays hearing is protecting homeowners during the pandemic. Oversight of Mortgage Services. Without objection, the chair is authorized to declare a recess of the subcommittee at anytime. Also members of the committee who are not members of this Sub Committee may participate in todays hearing the purposes of making an Opening Statement and asking questions of witnesses. Members are reminded to keep their video function on at all times even when they are not recognized by the chair. Embers are also reminded that they are responsible for muting and unyielding themselves. This is Something Worthy of repeating because i have
Chair, Opening Statement of the Ranking Member, Opening Statement from chairwoman waters, the witness of will be introduced, witnesses were given Opening Statement then will have two and a of witnesses and adjournment. The title of todays hearing is protecting homeowners during the pandemic oversight of mortgage servicers implementation of the cares act. Without objection that shares authorized to declare a recess of the subcommittee at any time. Also without objection members of the committee who are not members of the subcommittee may participate in todays hearing for the purposes of making an Opening Statement and asking questions of witnesses. Members are reminded to keep their video function on at all times, even when they are not recognized by the chair. Members are also reminded they are responsible for muting and and getting themselves. I think this is something thats worthy of repeating because i have made the mistake of not honoring this responsibility. I hope i dont make tha
You when the item youre interested comes up, please raise your hand using the raised hand function for those persons calling in to submit their testimony, please call area code 415 a6550001 and enter access. Code 26608288973. And then press pound twice twice. Wait for the item you are interested in speaking to and for Public Comment to be announced to comment, you must enter star three to raise your hand and once youve raised your hand you will hear the a prompt that you have raised your hand to ask a question. Please wait to speak until the host calls on you. When you hear that you are unmuted, that is your indication when to begin speaking. Best practices are to call from a quiet location and please mute the volume on your television or computer for those persons attending in city hall, please line up on the screen side of the room or to your right. Please speak clearly and slowly. And if you care to state your name for the record, i will ask that we all silence any mobile devices th
You when the item youre interested comes up, please raise your hand using the raised hand function for those persons calling in to submit their testimony, please call area code 415 a6550001 and enter access. Code 26608288973. And then press pound twice twice. Wait for the item you are interested in speaking to and for Public Comment to be announced to comment, you must enter star three to raise your hand and once youve raised your hand you will hear the a prompt that you have raised your hand to ask a question. Please wait to speak until the host calls on you. When you hear that you are unmuted, that is your indication when to begin speaking. Best practices are to call from a quiet location and please mute the volume on your television or computer for those persons attending in city hall, please line up on the screen side of the room or to your right. Please speak clearly and slowly. And if you care to state your name for the record, i will ask that we all silence any mobile devices th