s and we've also worked with mr. patel and mr. shaw. i went by the aldera few years ago and it had the reputation of being a tentative place, it was a scary place. and its transformation has been pretty outrageous so i want to congratulate you for being able to do that and we're starting to hear the same and see the same at the baldwin hotel which i think is really an indication that you take your job in managing these buildings with a lot of pride so i just want to thank you for helping to see a transformation. some of these buildings along sixth street. i know that a lot of people have concern with loitering issues. i think one of the issues that folks don't realize is that sixth street is one of the most underrepresented as it relates to open space so it's sort of like, if you're in a small room and there's not a community room and not a rooftop garden and it can be cold up there even if there is a rooftop garden, sometimes there aren't a lot of options if you just want to leave your room so i think the issue of open space is one tha

mr. secretary, as the patel and my opening statement, i spent a lot time focusing on proprietary modifications performed by banks and servicers outside of the program. six months ago when you are year, we discussed this and you agreed it was an important part. i think because of the additional information that the treasury has shared since that time, we now know is even more important. in fact, a 7% of those -- 70% of those modifications now fallen the program. that is 3-1. what is your assessment of these proprietary modifications? >> i actually spent quite a bit of time in preparation for these hearings asking similar questions. how much do we know about these modifications? the quality of the data so far is not so great. the general consensus though is that the majority of those modifications barring -- are lowering monthly payments quite substantially. one of the most valuable things we didn't setting up industry standards for modifications -- we did in the setting up industry standards for modifications was that a bar. we're going to continue to look -- was set a bar. we're going to conti

patel and all of us here. thank you for watching and we appreciate your time. have a good night. >> an "oprah show" event for the holiday season -- oprah: maria, the captain, mr. plummer, will you do the honors? >> the cast of