St Louis Mortgage Loan and Finance Lending: TARP Blasts Foreclosure Programs
St Louis Mortgage and Real Estate News –
St Louis Finance and Mortgage Refinancing News: TARP Watchdog Blasts White House's Foreclosure Programs
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877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate
In a quarterly report released to Congress, Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP), said the program has been a success financially, but that programs "designed to help Main Street rather than Wall Street" have been failures.
Barofsky focused part of his criticism on the Home Affordable Modification Program, known as HAMP, which is intended to help eligible homeowners avoid foreclosure by facilitating mortgage modifications with loan servicers according to St Louis finance experts.
When 2010 ended, on December 31st, there were over 500,000 ongoing permanent modifications under

