GAO’s Newest Report On TARP
[caption id="attachment_233" align="alignright" width="300" caption="Loan Modification Program Off To Slow, Shaky Start"][/caption] In another (this is the sixth) report to congress, the GAO (United States Government Accountability Office) has made new recommendations to the Troubled Asset Relief Program (TARP) in a report that focuses on the Department of the Treasury’s (Treasury) efforts to establish its Home Affordable Modification Program (HAMP). The Entire Report Here: The first page of the report is an easy read that discusses the Treasury Actions Needed to Make The Home Affordable Modification Program More Transparent and Accountable. Here is the Report's Full Page, it gives a great overview of the report and it's findings: Under HAMP, Treasury will use up to $50 billion in TARP funds to (1) modify the first-lien mortgages of homeowners in...
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