Relevant:
- TARP Special Inspector General Calls HAMP Disappointing
- Treasury Advised to Revamp HAMP Policies and Rectify Confusion Created by Poor Communication
- TARP Inspector Barofsky Puts HAMP Under the Microscope
- U.S. Housing Program Fails to Stem Foreclosures, Watchdog Says
- TARP Inspector General to Call for Long-Term Strategy
2013-04-29 — consumeraffairs.com
``Now there is more distressing news. Even many of those homeowners who successfully navigated the obstacles to a mortgage modification are in trouble. At a time when the housing market is generally accepted to be in a robust recovery, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has issued a warning.
"SIGTARP is concerned that the number of homeowners who have re-defaulted on permanent mortgage modification under TARP's signature housing support program, HAMP, is increasing at an alarming rate," the Inspector General said in a new report.''
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