“We waited and waited and waited for wide-scale loan modifications,” said Sheila C. Bair, the chairwoman of the Federal Deposit Insurance Corporation, one of the first government officials to call on the industry to take action. “They never owned up to all the problems leading to the mortgage crisis. They have always downplayed it.”
This article has been revised to reflect the following correction:
Correction: October 14, 2010
A photo caption with an earlier version of this article referred incorrectly to documents related to foreclosures. They are depositions from robosigners, not lawsuits.
