Attempts at Relief and Reform

SIGTARP Chimes in on MHA and Other Attempts

Posted on Sunday, April 25, 2010

The Special Inspector General for TARP (SIGTARP) report expresses concern over voluntary portions of government programs, the fact that servicers may have interest not in line with investors and borrowers – in particular they can deny a work out even if it meets the NPV test -, the fact that similarly situated borrowers may be treated differently, the risk of greater fraud thanks to new enhancements, and redefault risks. Treasury says it will launch a PSA campaign to warn homeowners of fraud.

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