Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • 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: Treasury continues to face implementation challenges and data weaknesses in its Making Home Affordable Program: report

Troubled Asset Relief Program: Treasury continues to face implementation challenges and data weaknesses in its Making Home Affordable Program: report

Office, U. S. Government Accountability

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General Reference

ISBN10: 1974643107
ISBN13: 9781974643103
Publisher: Createspace
Published: Aug 17 2017
Pages: 86
Weight: 0.49
Height: 0.18 Width: 8.50 Depth: 11.02
Language: English
Two years after the Department of the Treasury (Treasury) first made available up to $50 billion for the Making Home Affordable (MHA) program, foreclosure rates remain at historically high levels. Treasury recently introduced several new programs intended to further help homeowners. This report examines (1) the status of three of these new programs, (2) characteristics of homeowners with first-lien modifications from the Home Affordable Modification Program (HAMP), and (3) the outcomes for borrowers who were denied or fell out of first-lien modifications. To address these questions, GAO analyzed data from Treasury and six large MHA servicers.

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