Title:

Troubled Asset Relief Program : Treasury Continues to Face Implementation Challenges and Data Weaknesses in Its Making Home Affordable Program

Troubled Asset Relief Program : Treasury Continues to Face Implementation Challenges and Data Weaknesses in Its Making Home Affordable Program

DATE: March 17, 2011

AUTHOR:

ABSTRACT:

Two years after the Department of the Treasury (Treasury) first made available up to $50 billion for the Making Home Affordable (MHA) program, foreclosure rates remain at historically high levels. Treasury recently introduced several new programs intended to further help homeowners. This report examines (1) the status of three of these new programs, (2) characteristics of homeowners with first-lien modifications from the Home Affordable Modification Program (HAMP), and (3) the outcomes for borrowers who were denied or fell out of first-lien modifications. To address these questions, GAO analyzed data from Treasury and six large MHA servicers.

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United States. Government Accountability Office. Troubled Asset Relief Program : Treasury Continues to Face Implementation Challenges and Data Weaknesses in Its Making Home Affordable Program , Washington, D.C.: U.S. Govt. Accountability Office, March 17, 2011, https://fraser.stlouisfed.org/title/5052, accessed on April 19, 2024.

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ALTERNATE TITLES:

  • Treasury Continues to Face Implementation Challenges and Data Weaknesses in Its Making Home Affordable Program
  • Treasury's Foreclosure Mitigation Programs

NOTE:

GAO-11-288.

PUBLISHER: U.S. Govt. Accountability Office

PLACE: Washington, D.C.

DIGITAL COPY SOURCE: U.S. Govt. Accountability Office

SUBJECTS: THEME: RELATED ITEM: CLASSIFICATION:
  • lcc: KF697.M63 S35 2011i
  • sudocs: GA 1.13:GAO-11-288
IDENTIFIER:
  • oclc: 752455546
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