Troubled Asset Relief Program

Troubled Asset Relief Program
Author: Matthew J. Scire
Publisher: DIANE Publishing
Total Pages: 64
Release: 2010-11
Genre: Business & Economics
ISBN: 1437935354

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. The report obtained information from 10 servicers that account for 71 percent of HAMP funds and spoke with Treasury, Fannie Mae, and Freddie Mac officials. Includes recommendations. Illus.

Congressional Record

Congressional Record
Author: United States. Congress
Publisher:
Total Pages: 664
Release: 2010
Genre: Law
ISBN:

The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)

Troubled Asset Relief Program

Troubled Asset Relief Program
Author: Gene L. Dodaro
Publisher: DIANE Publishing
Total Pages: 68
Release: 2010
Genre: Political Science
ISBN: 1437920748

The sixth report on the Troubled Asset Relief Program (TARP) focuses on the Department of the Treasury's (Treasury) efforts to establish its Home Affordable Modification Program (HAMP). This 60-day report examines: (1) the design of HAMP's program features with respect to maximizing assistance to struggling homeowners; (2) the analytical basis for Treasury's estimate of the number of loans that are likely to be successfully modified using TARP funds under HAMP; and (3) the status of Treasury's efforts to implement operational procedures and internal controls for HAMP. Charts and tables.

Foreclosure Prevention

Foreclosure Prevention
Author: United States. Congress. House. Committee on Oversight and Government Reform
Publisher:
Total Pages: 468
Release: 2010
Genre: Business & Economics
ISBN: