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 2018-05-12 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Troubled Asset Relief Program: Status of Housing Programs

Download or read book Troubled Asset Relief Program Status of Housing Programs written by United States. Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-07-19 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: " Since 2009 Treasury has obligated $37.51 billion in TARP funds to help struggling homeowners avoid foreclosure. The Emergency Economic Stabilization Act of 2008 included a provision for GAO to report at least every 60 days on TARP activities. This report provides an update on the status and condition of Treasury's TARP-funded housing programs as of October 31, 2016. To do this work, GAO reviewed Treasury documentation and prior GAO reports on TARP. We also interviewed Treasury officials. This report contains the most recently available public data in Treasury's reports at the time of our review, including obligations, disbursements, and program participation. "

Download or read book Troubled Asset Relief Program Status of Programs and Implementation of GAO Recommendations written by Orice Williams Brown and published by DIANE Publishing. This book was released on 2011-04 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the Troubled Asset Relief Program (TARP) was implemented, GAO has issued more than 40 reports containing more than 60 recommendations to the Treasury Dept. (Treasury). This report assesses the status of Treasury's implementation of these recommendations and current condition of TARP. Specifically, this report provides info. on; (1) the condition and status of active TARP programs; (2) Treasury's progress in implementing an effective management structure, including staffing for the Office of Financial Stability (OFS), overseeing contractors, and establishing a comprehensive system of internal control; and (3) trends in the status of key relevant economic indicators. Illus. A print on demand report.

Download or read book Troubled Asset Relief Program TARP written by Mathew J. Scire and published by . This book was released on 2015-08-07 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department of the Treasury has allocated $37.5 billion in Troubled Asset Relief Program (TARP) funds to help struggling homeowners avoid potential foreclosure since 2009. Between February 2009 and May 2015, Treasury disbursed approximately $16.3 billion of these funds. The number of new borrowers with permanent modifications added to the Home Affordable Modification Program (HAMP), the key component of these programs, began to decline in late 2013 but has stabilized at between 9,000 and 15,000 additions per month. This report examines the status of TARP-funded housing programs in June 2015; and (2) the extent to which Treasury's analytic framework for considering recent program changes was consistent with federal guidance and best practices. Tables and figures. This is a print on demand report.

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 Troubled Asset Relief Program Status of Programs and Implementation of GAO Recommendations Testimony Before the Committee on Banking Housing and Urban Affairs U S Senate written by and published by DIANE Publishing. This book was released on with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Troubled Asset Relief Program TARP written by A. Nicole Clowers and published by . This book was released on 2015-02-07 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Emergency Economic Stabilization Act of 2008 (EESA) authorized the Treasury Department (Treasury) to create the Troubled Asset Relief Program (TARP), designed to restore liquidity and stability to the U.S. 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 a 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. Table and figures. This is a print on demand report.

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 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 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 2017-10-04 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 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

Download or read book Troubled Asset Relief Program TARP written by Timothy G. Massad and published by DIANE Publishing. This book was released on 2011-04 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: October 3, 2010 marked the second anniversary of the creation of TARP and the end of the authority to make new financial commitments. The government now has recovered most of the investments it made in the banks. Taxpayers will likely earn a profit on the investments the government made in banks and AIG, with TARP losses limited to investments in the auto industry and housing programs. Contents of this report: TARP Overview; Stabilization of the Financial Markets; TARP Program Descriptions; Retrospective on the TARP Housing Initiatives; Executive Compensation; U.S. Government as a Shareholder; Accountability and Transparency. Charts and tables. This is a print on demand edition of an important, hard-to-find report.

Download or read book Troubled Asset Relief Program TARP written by A. Nicole Clowers and published by . This book was released on 2013-04-14 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Emergency Economic Stabilization Act of 2008 (EESA) authorized the creation of the Troubled Asset Relief Program (TARP) to address the most severe crisis that the financial system had faced in decades. EESA provided GAO with broad oversight authorities for actions taken under TARP and required that they report at least every 60 days on TARP activities and performance. While the Treasury Dept. has addressed most of GAO’s recommendations, some remain outstanding. This 60-day report describes the status of GAO’s Troubled Asset Relief Program (TARP) recommendations to Treasury as of Feb. 2013. It focuses particularly on two major TARP programs: the Capital Purchase Program (CPP), which supports certain U.S. financial institutions, and Making Home Affordable (MHA), which is a collection of housing programs designed to help homeowners avoid foreclosure. Figure. This is a print on demand report.

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 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 Gene L. Dodaro and published by DIANE Publishing. This book was released on 2009-11 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second report on the Troubled Asset Relief Program (TARP). It follows up on the nine recommendations from a December 2, 2008, report. It also reviews: (1) the nature and purpose of activities that had been initiated under TARP as of January 23, 2009; (2) Treasury's Office of Financial Stability (OFS) hiring and transition efforts, use of contractors, and progress in developing a system of internal control; and (3) preliminary indicators of TARP's performance. To do this work, the auditor reviewed signed agreements and other relevant documentation and met with officials from OFS, contractors, federal agencies, and some participating institutions. Charts and tables.