Submitting OIG:
Report Description:
Features of the April 1– September 30, 2020 Semi-Annual report include:
• A letter from the Special Inspector General on the Emergency Economic Stability Act and impacts as a result of COVID-19.
o Through EESA’s valuable programs, underemployed and unemployed American’s can stay in their homes.
• An Overview of the SIGTARP’s oversight of Making Home Affordable, including the Home Affordable Modification Program.
o With the expiration of the foreclosure moratorium in the CARES Act, HAMP continues to prevent foreclosures for the more than 700,000 participants who live in all 50 states.
• An overview of SIGTARP’s oversight of the Hardest Hit Fund.
o HHF was extended to assist those impacted by the pandemic. During the past six-months states have seen significant increases in applications. There is currently more than $492 million still available to help homeowners.
• An overview of the SIGTARP’s oversight of bank and TARP investment programs.
o EESA programs for troubled assets (or TARP ‘bailout’) are largely closed after a decade. There are TARP securities in two banks and three credit unions. SIGTARP investigations have resulted in 450 criminal charges issued.
Date Issued:
Friday, October 30, 2020
SARC Start Date:
Wednesday, April 1, 2020
SARC End Date:
Wednesday, September 30, 2020
Agency Reviewed / Investigated:
Location:
Agency-Wide
Type of Report (Audit, Inspection / Evaluation, Review, etc.):
Semiannual Report
Questioned Costs:
$0
Funds for Better Use:
$0
Number of Recommendations:
0
View Document:
Attachment | Size |
---|---|
SIGTARP APR-OCT2020_SAR.pdf | 6.22 MB |
Additional Details Link: