Semi-Annual Report April-September, 2020

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.