TARP Hasn’t Done Enough for Distressed Borrowers, IG Report Says, Servicing Reform May Be Needed
January 27, 2011
The Troubled Asset Relief Program may have prevented the collapse of the financial market, but it failed to meet the “Main Street goals” set by Congress, including homeownership preservation, according to a new report by the government’s top watchdog of the program. As of the end of 2010, there were...