On December 1, FDIC Chairman Bair testified at the Senate Banking Committee hearings on Problems in Mortgage Servicing from Modification to Foreclosure. In her statement, Chairman Bair (i) provided background on the robo-signing and related foreclosure documentation problems as well as other deficiencies in the mortgage servicing process, (ii) discussed the FDIC's efforts to address servicing problems, and (iii) indicated that she believes the newly-established Financial Stability Oversight Council can play a central role in facilitating broad agreements among the major stakeholder groups. Bair Speech.