Professor Philip Lane:

In general our approach has been universal because, of course, many of the entities that originated these loans back in the mid-2000s are no longer here or have been merged into something else. The responsibility is there, no matter who has these loans at present, to fulfil our expectations. Regardless of who is the current owner of the loans all of them are within purview. Week by week the number of unresolved cases is shrinking. As we have indicated, we believe a lot will be done by the end of June, but we will continue to pursue every case we think needs resolving until they are all in.