Download or read book Troubled Asset Relief Program written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-10-04 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Treasury introduced MHA in February 2009 and indicated that up to $50 billion would be used to help 3 to 4 million struggling homeowners avoid potential foreclosure. Since then, questions have been raised about participation rates and the overall success of the program. The Emergency Economic Stabilization Act of 2008 requires GAO to report every 60 days on the Troubled Asset Relief Program (TARP) activities. This 60-day report examines (1) the status of MHA and steps Treasury has taken to increase program participation, (2) Treasury's oversight of the MHA-related fair lending internal controls of servicers, and (3) Treasury's and MHA servicers' policies and practices for ensuring that LEP borrowers have equal access to the program. For this work, GAO reviewed program documentation, analyzed HAMP loan-level data, and interviewed officials from Treasury, fair lending supervisory institutions, and the five largest MHA servicers.

Download or read book Troubled Asset Relief Program TARP written by Mathew J. Scire and published by . This book was released on 2014-03-07 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Treasury Department (Treasury) introduced the Making Home Affordable (MHA) program in February 2009 and indicated that up to $50 billion would be used to help 3 to 4 million struggling homeowners avoid potential foreclosure. Since then, questions have been raised about participation rates and the overall success of the program. This report examines (1) the status of MHA and steps Treasury has taken to increase program participation; (2) Treasury's oversight of the MHA-related fair lending internal controls of servicers; and (3) Treasury's and MHA servicers' policies and practices for ensuring that limited English proficiency (LEP) borrowers have equal access to the program. Tables and figure. This is a print on demand report.

Download or read book Troubled Asset Relief Program more efforts needed on fair lending controls and access for non English speakers in housing programs written by and published by . This book was released on 2014 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Troubled Asset Relief Program More Efforts Needed on Fair Lending Controls and Access for Non english Speakers in Housing Programs written by Government Accountability Office and published by . This book was released on 2017-07-28 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Treasury introduced MHA in February 2009 and indicated that up to $50 billion would be used to help 3 to 4 million struggling homeowners avoid potential foreclosure. Since then, questions have been raised about participation rates and the overall success of the program. The Emergency Economic Stabilization Act of 2008 requires GAO to report every 60 days on the Troubled Asset Relief Program (TARP) activities.This 60-day report examines (1) the status of MHA and steps Treasury has taken to increase program participation, (2) Treasury's oversight of the MHA-related fair lending internal controls of servicers, and (3) Treasury's and MHA servicers' policies and practices for ensuring that LEP borrowers have equal access to the program. For this work, GAO reviewed program documentation, analyzed HAMP loan-level data, and interviewed officials from Treasury, fair lending supervisory institutions, and the five largest MHA servicers."

Download or read book Troubled Asset Relief Program more efforts needed on fair lending controls and access for non English speakers in housing programs written by and published by . This book was released on 2014 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact of the Volcker Rule on Job Creators written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2014 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Committee on Appropriations January 2 2015 House Report 113 724 January 3 2014 Through January 2 2015 113 2 written by and published by . This book was released on 2015 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Troubled Asset Relief Program written by Gene L. Dodaro and published by DIANE Publishing. This book was released on 2010 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Troubled Asset Relief Program written by Matthew J. Scire and published by DIANE Publishing. This book was released on 2010-11 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Annual Report written by Board of Governors of the Federal Reserve System (U.S.) and published by . This book was released on 2014 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Troubled Asset Relief Program written by United States Government Accountability and published by Createspace Independent Publishing Platform. This book was released on 2016-11-07 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Emergency Economic Stabilization Act of 2008 (EESA) authorized Treasury to create TARP, designed to restore liquidity and stability to the financial system and to preserve homeownership by assisting borrowers struggling to make their mortgage payments. Congress reduced the initial authorized amount of $700 billion to $475 billion as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. EESA also required that GAO report every 60 days on TARP activities in the financial and mortgage sectors. This report provides an update on the condition of all TARP programs-nonhousing and housing-as of September 30, 2014.

Download or read book Annual Report of Committee Activities written by United States. Congress. House. Committee on Appropriations and published by . This book was released on 2015 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Troubled Asset Relief Program written by U.s. Government Accountability Office and published by . This book was released on 2017-08-04 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: "More than 3 years have passed since Treasury made up to $50 billion available to help struggling homeowners through the MHA program, and foreclosure rates remain near historically high levels. Further, more than 2 years after Treasury set up the Hardest Hit Fund to help homeowners in high-unemployment states, much of the money remains unspent. The Emergency Economic Stabilization Act of 2008, which authorized Treasury to create TARP, requires GAO to report every 60 days on TARP activities. This 60-day report examines (1) the steps Treasury took to design and implement recent changes to MHA, and (2) Treasury's monitoring and oversight of states' implementation of Hardest Hit Fund programs. To address these questions, GAO analyzed data and interviewed officials from Treasury, five selected Hardest Hit Fund states, and five large MHA servicers."

Download or read book Troubled Asset Relief Program Actions Needed by Treasury to Address Challenges in Implementing Making Home Affordable Programs written by and published by DIANE Publishing. This book was released on with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Troubled Asset Relief Program written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-08 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO's 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. For this work, GAO reviewed documentation from Treasury and its financial agents and met with officials from Treasury, its financial agents, and other organizations.

Download or read book Troubled Asset Relief Program Status of Efforts to Address Transparency and Accountability Issues written by Gene L. Dodaro and published by DIANE Publishing. This book was released on 2010-02 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses work on the Troubled Asset Relief Program (TARP), under which the Dept. of the Treasury has the authority to purchase and insure up to $700 billion in troubled assets held by financial institutions through the Office of Financial Stability. Treasury was granted this authority in response to the financial crisis that has threatened the stability of the U.S. banking system and the solvency of numerous financial institutions. The Act that authorized TARP requires a report at least every 60 days on findings resulting from their oversight of the status of actions taken under the program. The act also created additional oversight entities -- the Congressional Oversight Panel and the Special Insp. Gen. for TARP -- that also have reporting respon.

Download or read book Troubled Asset Relief Program written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-01-08 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: TROUBLED ASSET RELIEF PROGRAM: Further Actions Needed to Enhance Assessments and Transparency of Housing Programs