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Home Affordable Modification Program Continues to Face Implementation Challenges  Testimony of Gene L. Dodaro, Acting Comptroller General of the United States


Author:  Staff Editors.


Source: Volume 23, Number 05, May/June 2010 , pp.39-48(10)




Journal of Taxation and Regulation of Financial Institutions

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Abstract: 

This article presents excerpts from recent testimony given by Gene L. Dodaro, Acting Comptroller General of the United States, before the Committee on Oversight and Government Reform of the House of Representatives concerning the current status of efforts to prevent home foreclosures in light of the continuing home mortgage crisis. As the Obama Administration continues to tweak its efforts in this area, it is essential that lenders have an understanding of where things currently stand.

Keywords: foreclosure; mortgages; HAMP Program; net present value test; Servicer Participation Agreements

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