Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Troubled Asset Relief Program: further actions needed to fully and equitably implement foreclosure mitigation programs: report to congressional commi

Troubled Asset Relief Program: further actions needed to fully and equitably implement foreclosure mitigation programs: report to congressional commi

Office, U. S. Government Accountability

Paperback

General Reference

ISBN10: 1974591352
ISBN13: 9781974591350
Publisher: Createspace
Published: Aug 15 2017
Pages: 66
Weight: 0.39
Height: 0.14 Width: 8.50 Depth: 11.00
Language: English
Congress created the Troubled Asset Relief Program (TARP) to, among other things, preserve homeownership and protect home values. In March 2009, the U.S. Department of the Treasury (Treasury) announced the Home Affordable Modification Program (HAMP) as its cornerstone effort to achieve these goals. This report examines (1) the extent to which HAMP servicers have treated borrowers consistently and (2) the actions that Treasury has taken to address the challenges of trial modification conversions, negative equity, redefaults, and program stability. GAO obtained information from 10 servicers that account for 71 percent of HAMP funds and spoke with Treasury, Fannie Mae, and Freddie Mac officials.

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