Stay Informed
of New Reports
Twitter
Where To Report Waste
Fraud, Abuse, Or Retaliation
Where To Report Waste Fraud, Abuse, Or Retaliation

Semi-Annual Report April-September, 2020

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: 
AttachmentSize
PDF icon SIGTARP APR-OCT2020_SAR.pdf6.22 MB

Related Open Recommendations