Called Hamp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Reducing your interest rate or monthly payments, the bank says we will write down this loan, no longer a $200,000 loan, a $100,000 loan or $150,000 loan. >> they made it clear from the treasury department to dimarco they were fully supportive of a principle write-down and they felt f ha would require administrative costs and go beyond the dollar set assigned the hamp program and the treasury department would help. >> explain that. there's this program passed as part of the bailout called hamp. they spent essentially none of this money, homeowners haven't been help ed with this program. the adm...

Treasury department to dimarco they were fully supportive of a principle write-down and they felt f ha would require administrative costs and go beyond the dollar set assigned the hamp program and the treasury department would help. >> explain that. there's this program passed as part of the bailout called hamp. they spent essentially none of this money, homeowners haven't been helped with this program. the administration said whatever you need to do. >> we will go beyond the program administratively to help it work. dimarco's pushback, this is an administrative cost to us plus the homeowners ...