This story appeared in Bank Digest.
The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has issued a report titled, "Treasury's Opportunity to Increase HAMP's Effectiveness by Reaching More Homeowners in States Underserved by HAMP." The report says that the Home Affordable Modification Program has struggled to reach the expected number of homeowners that Treasury envisioned for the program. The report asserts that Treasury must identify those areas where HAMP has underperformed and the barriers that have prevented homeowners in those areas from getting HAMP assistance. Then, Treasury must act to reduce or eliminate those barriers.