Hamp Loan Modification Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Or could more have been done by the administration? >> senator, thank you very much for that question. that is a very important issue. when we did the indy mac deal with the fdic, we committed to the fdic that we would continue the fdic loan modification program. it was after that that the obama administration came up with hamp. and we had no obligation to do hamp. we could have continued to do fdic loan modifications. but we felt it was the appropriate thing to voluntary go into the u.s. treasury hamp program as were other major banks. so we voluntarily went into that program. the hamp loan m...

Moore have been done by the administration? >> senator, thank you very much for that question, and that is a very important issue. when we did the nd mack deal with the fdic, we committed to the fdic's, that we would continue the fdic's loan modification program. it was after that that the obama administration came up with that program, and we had no obligation to do hamp, we could have continued to do fdic's loan modifications, but we felt that was the appropriate thing to voluntarily go into the u.s. treasury hamper major banks. so we voluntarily went into that program. the hamp loan modific...