Hamp Rules News Today

Providing a loan modification. to the extent that the net present value was higher on foyer clo foreclosing, we unfortunately had to follow the hamp rules or we would have been severely penalized if we had not proceeded with foreclosures. >> these were not your rules. >> they were not our rules, senator. they were rules that were driven by the administration under hamp? >> which administration. >> the obama administration. >> oh, i see. okay. let me ask were you familiar. theres a wide agreement...

Providing a loan modification. and to the extent that the net present value was higher on foreclosing, we unfortunately had to follow the hamp rules, or we would have been severely penalized if we had not proceeded with foreclosures. >> these were not your rules. >> no, they were not our rules, senator, these were rules that were driven by the administration under hamp. >> which administration? >> the obama administration. >> let me ask one more question. there is a wide agreement that the tax l...