fha is a microcosm of what we have seen.their motto is a microcosm of what we have seen in the last years. there are the ultimate distribute model with very little skin in the game. they are 100% in shirt. -- there are 100% in shared. sured. they are dealing with the core problem that we had over the last year. fha needs to be preserved. we support the efforts they have made to put more skin in the game. those lenders that sell the loans to fha are on the hook for any violations were there are correspondent lenders that make the originating of the loan. you have corresponded lenders that are rabbinate -- that originated fha loans. presently, if the correspondent lender in cages and fraud, the lenders are not on the hook for that. that is a lot of the problem we saw in the mortgage market and we applaud them for taking the steps to address that problem. >> thank you. >> i am a consumer advocate from sacramento. i am curious with regard to cfta, the industry's or your thoughts on every kid better looking out for consumers -- o

and we have withdrawn a fha approval for 270 lenders. including latin america just this week, and financial mortgage u.s.a., the lender responsible for the example that i just cited. that's also why we have created a new position for a deputy general counsel for enforcement. many of you know from her phenomenal work as a new york attorney general's office and a range of other places, and i'm so happy she has joined us at hud to head up our efforts. with each effort, we are sending a very clear message, that if you don't operate ethically and transparently, we will not do business with you. but no one agency is going to be able to stop fraud alone. that's why the recent creation of the administration's financial fraud enforcement task force is so important. identifying opportunities for coordinated joint investigations and enforcement act. what it comes to preventing fraud it's time the federal government spoke with blunt force. still, as much as housing ground zero for discrimination and predatory lender in the run up expires, it's clear

the fha program was meant to be a ride down opportunity. i have to say i'm not convinced -- and this is not negative about it. it is a great attempt, but i think we need a stronger refinance program that deals with equity for various reasons on what principle can be written down to get into those products. we have not seen quite the momentum that we expected in the h, 4h, or the other programs that we have been expecting. >> i do not know that a lot of families are even aware that there is this possibility. >> we should probably raise awareness, you are correct. we should talk with fannie mae and freddie mac. that would help. >> last question. >> i council people locally going through foreclosure. those foreclosures camps where people reach out and request funding, -- the foreclosure scams where people reach out and request funding, they are legal. to call them scams is a bit misleading. maryland is one of the few states where it is illegal, but in most municipalities it is legal. it is unfortunate, but keep that in mind. the treasury progr

fha program.our file to see if you are eligible for the modification. in fact, they need to do that in foreclosure. that is the question to ask, whether you are eligible. again, call 888-995-hope if you're having any questions on that. host: georgia, independent line. caller: i'm actually expecting twins and i lost my job during this process and my income has been drastically reduced. i have more king with bankamerica and they tell me that because i refinanced my house to get out of an arm that i am in eligible for any government programs. it looks like i am out of hope, too. guest: i do not know your situation. there is something called a net present value test that every loan has to go through a review of what you owe verses what you make. and i know if that is what you have had applied -- i do not know if that is what you have had applied on your mortgage. i do not think we have solved for the unemployed homeowners who wants to keep their home. there is not a great program that is uniform acros

fha program.e question to ask, whether you are eligible. again, call 888-995-hope if you're having any questions on that. host: georgia, independent line. caller: i'm actually expecting twins and i lost my job during this process and my income has been drastically reduced. i have more king with bankamerica and they tell me that because i refinanced my house to get out of an arm that i am in eligible for any government programs. it looks like i am out of hope, too. guest: i do not know your situation. there is something called a net present value test that every loan has to go through a review of what you owe verses what you make. and i know if that is what you have had applied -- i do not know if that is what you have had applied on your mortgage. i do not think we have solved for the unemployed homeowners who wants to keep their home. there is not a great program that is uniform across the market but i would talk to a third party who cares about your situation to explore every avenue. host: with