ms. sheehan?peak truth to power. >> we have established our motor ship in the most hard-hit communities and are there to help people through those centers, in person, and address their needs. and that's the process we have used to think about how we can best be useful. >> do you agree that certain communities are being devastated if not obliterated by virtue of what happened? whether it was by accident or design that this is happening? >> i don't have that kind of data here. >> without data, you do have anecdotal evidence. you are involved in this process, true? >> we are involved in the process. >> what is your anecdotal evidence connote? >> what are evidence and experience has taught us is there a communities where we -- >> are you afraid to say it, ms. sheehan? our minority communities being devastated more? >> minority communities are having problems. we know that. >> are there problems? >> i'm going to yield three of my minutes to the gentleman from texas so he can continue. >> thank you, mr.

ms. sheehan? speak truth to power. >> we have established our motor ship in the most hard-hit communities and are there to help people through those centers, in person, and address their needs. and that's the process we have used to think about how we can best be useful. >> do you agree that certain communities are being devastated if not obliterated by virtue of what happened? whether it was by accident or design that this is happening? >> i don't have that kind of data here. >> without data, you do have anecdotal evidence. you are involved in this process, true? >> we are involved in the process. >> what is your anecdotal evidence connote? >> what are evidence and experience has taught us is there a communities where we -- >> are you afraid to say it, ms. sheehan? our minority communities being devastated more? >> minority communities are having problems. we know that. >> are there problems? >> i'm going to yield three of my minutes to the gentleman from texas so he can continue. >> thank you, m

ms. sheehan?speak truth to power. >> we have established our motor ship in the most hard-hit communities and are there to help people through those centers, in person, and address their needs. and that's the process we have used to think about how we can best be useful. >> do you agree that certain communities are being devastated if not obliterated by virtue of what happened? whether it was by accident or design that this is happening? >> i don't have that kind of data here. >> without data, you do have anecdotal evidence. you are involved in this process, true? >> we are involved in the process. >> what is your anecdotal evidence connote? >> what are evidence and experience has taught us is there a communities where we -- >> are you afraid to say it, ms. sheehan? our minority communities being devastated more? >> minority communities are having problems. we know that. >> are there problems? >> i'm going to yield three of my minutes to the gentleman from texas so he can continue. >> thank you, mr

ms. sheehan or mr. schakett could take a stab at this.nd/or foreclose on a home is that more cost effective or would it be better to work out some arrangement even if it's the homeowner been reduced to paying rent in order to keep them in that house? what's would be more tears to the banks? >> i would say that obviously when we look at our distressed borrowers, the first thing we do is make a consideration about whether or not we can achieve an affordable and sustainable monthly payment for their housing under their -- under a modification program. that's lower trying to do because generally speaking that is going to be more of from an investor or blender to them a foreclosure. so absolutely that is part of the process that we follow. >> well, but think about the difficulty when you remove a family from a home. then it's vacant. then you drop the overall value of the homes in that neighborhood. your profit is reduced when even if you're able to sell that home. i mean, it's just a strategy mr. schakett you may chime in. >> there's no quest