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Troubled Asset Relief Program (TARP): More Efforts Needed on Fair Lending Controls and Access for Non-English Speakers in Housing Programs
Troubled Asset Relief Program (TARP): More Efforts Needed on Fair Lending Controls and Access for Non-English Speakers in Housing Programs
 

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By Mathew J. Scire (au)
Year: 2014
Pages: 72
Binding Paperback
ISBN 978-1-4578-5330-2

Product Code: 1457853302

Description
 
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.

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