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Home » Watchdog Says Treasury Is Doing Little to Address Servicers’ Slow Response to Loan Mod Applications
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Watchdog Says Treasury Is Doing Little to Address Servicers’ Slow Response to Loan Mod Applications

February 5, 2015
Seven of the 10 largest servicers participating in the Home Affordable Modification Program were unable to process the number of HAMP modification applications they received in November, according to the Special Inspector General for the Troubled Asset Relief Program. SIGTARP first raised concerns about servicers’ slow processing of HAMP mods in September. In a report released last week, the SIGTARP took the Treasury Department to task for not doing enough to address the issue. “Treasury must ensure...
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