HAMP’s parallel purpose was funneling more cash on finance companies you to definitely triggered the fake finance
Lender away from America provides accepted one to HAMP’s “implicit” purpose would be to improve the banking companies you to definitely generated brand new fraudulent loans — perhaps not the https://speedycashloan.net/installment-loans-ri/ fresh individuals. You to objective is actually a similar mission hidden the decision to extort FASB so you can gimmick the brand new bookkeeping guidelines — delaying losings recognition. Read more