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Harshly criticized in the wake of housing crisis like practices like charging excessive fees purchasing insurance for them for high prices without notice and foreclosing without reviewing the paperwork for borrower's applications for loan modifications. they are learning to curve all of that. they are open for public comment on october 9th and the agency will final liz the rules in january of 2013. >> thank you so much. just about the -- how did he go through the x-ray machine? it is your last chance to enter our question of the day. a new study says your browser may indicate your political le...

Through those numbers as you have done, jenna, you realized they're talking about people that have begun loan modifications the permanent loan modification is much smaller. just over one in five homeowners who actually applied begin the process actually get a permanent reduction or permanent modification of their loanses. but what's happening now, the good news is that banks have tightened up their standards a little bit. and as a result of that they're giving out better loans. remember the old liar loans and teaser loans? this is back in the era of 2005, 6, 7, 8, that led up to the financial ...

Constitution at the top. it continues to crystallize for folks of all political persuasions as the necessary next act along with things like primary participation. i want to read the wells fargo statement relative to the engagement at the shareholder meeting. wells fargo told us that they have helped more than 740,000 customers with loan modifications and has for given $4.1 billion in principal since 2009. over the past year, less than 2% of owner occupied loans in our servicing portfolio have resulted in foreclosures. those are big numbers. how do they stack up to things like the $30 trillion...

Little bit of brightness there that we can talk about because the numbers are down on a linked quarter, 16% year over year, that's a good thing. but it doesn't mean we are out of the woods yet because that means that this year, there is over 2 million homes that will be foreclosed on. that's a big number. there are probably another maybe 6 million behind that. >> heather: so, do you expect the trend to -- what would cause the trend to continue? in this direction? >> the positive trend will continue that foreclosures will continue to go down because a., we have a better job market, so that mean...

Talk to your colleagues, i assume you have occasional conversations in the cloak room both among democrats and certainly maybe occasionally across the aisle. what do they say is the reason they are bringing up these hot, social issues like contraception? which we thought was a cold issue at this point. and abortion rights. why are they doing this? >> i think a lot of it deals with the health care -- affordable health care package. a lot of that is coming up now for this. i think we should be talking about things for the american people. we should be talking about jobs. the republican leadershi...