Factors Affecting Implementation Of The Home Affordable Modification Program
Download Factors Affecting Implementation Of The Home Affordable Modification Program PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Factors Affecting Implementation Of The Home Affordable Modification Program book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages.
Congressional Oversight Panel April Oversight Report
Author: United States. Congressional Oversight Panel
language: en
Publisher:
Release Date: 2010
Troubled Asset Relief Program
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.