Report more trial mods that permanent.
As of April 2010
1.1 million trial mods
fewer than 200,00 permanent
Pipeline for trial mods has to be replenished.
Treasury needs to establish the 2nd lien holder program.
GAO have been making recommendations..
Treasury taken steps but not implimented
1. Establish performance benchmarks.
2. Resolve compliance issues or penanties for services who are not complying.
3. Inconsistancies with how borrowers are being treated.
4.Problems with how complaints are being delt with
5.What kind of appeal process can we impliment that would provide due process for borrowers.
TARP program has helped numerous institutions but not the borrowes.