Author : United States. Congressional Oversight Panel
Publisher :
Page : 176 pages
File Size : 40,84 MB
Release : 2009
Category : Business & Economics
ISBN :
Author :
Publisher :
Page : pages
File Size : 38,28 MB
Release : 2009
Category :
ISBN :
Author : Matthew J. Scire
Publisher : DIANE Publishing
Page : 64 pages
File Size : 22,18 MB
Release : 2010-11
Category : 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.
Author : Christopher Foote
Publisher : DIANE Publishing
Page : 53 pages
File Size : 34,66 MB
Release : 2009
Category : Law
ISBN : 1437928773
Takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be done to stop it. The authors focus on two key decisions: the borrower's choice to default on a mortgage and the lender's subsequent choice whether to renegotiate or modify the loan. Unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely to be the main reason that borrowers decide to default. The efficiency of foreclosure for investors is a more plausible explanation for the low number of modifications to date. Policies designed to reduce foreclosures should focus on ameliorating the effects of job loss rather than modifying loans to make them more affordable on a long-term basis. Illustrations.
Author :
Publisher :
Page : 6 pages
File Size : 39,78 MB
Release : 1995
Category : Housing, Rural
ISBN :
Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight
Publisher :
Page : 76 pages
File Size : 16,49 MB
Release : 2009
Category : Business & Economics
ISBN :
Author : Etats-Unis. Office of the special inspector general for the troubled asset relief program
Publisher : U.S. Independent Agencies and Commissions
Page : 192 pages
File Size : 28,18 MB
Release : 2009-03
Category : Business & Economics
ISBN : 9780160825330
Provides a ready reference on what TARP is and how it has been used, at least for the first $350 billion authorized as of January 23, 2009. The goal is to advance economic stability through transparency, coordinated oversight, and robust enforcement.
Author :
Publisher : DIANE Publishing
Page : 84 pages
File Size : 38,32 MB
Release :
Category :
ISBN : 143798326X
Author : Gene L. Dodaro
Publisher : DIANE Publishing
Page : 112 pages
File Size : 43,84 MB
Release : 2009-11
Category : Business & Economics
ISBN : 1437913008
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.
Author : Neil Barofsky
Publisher : DIANE Publishing
Page : 338 pages
File Size : 10,6 MB
Release : 2011-04
Category : Business & Economics
ISBN : 1437942016
