Detailed text transcripts for TV channel - CNN - 20170119:15:47:00
These legacy loans were included in the purchase. the responsibility landed on me to clean up the mess others made but we inherited. we worked very hard to help homeowners remain in their homes through modifications wherever possible. ultimately, one west extended over 100,000 loan modifications to delinquent borrowers to try to help them out of a bad situation. i am proud of the fact that loan modifications started at indy mac under the leadership of the fdic. however, the fdic loan modification program did not work for everyone. when the fdic took over indy mac, they estimated that more than...