Letter Regarding TARP Emphasizing Importance that the Fund Recipients Engage in Streamlined Loan Modification Efforts

Publish Date: 
January 13, 2009

The Troubled Asset Relief Program (TARP) must include a foreclosure prevention program that requires those who receive funding to engage in streamlined loan modification efforts. This TARP program must be implemented quickly, whether through an agreement with the Obama Administration on core principles or through legislation consistent with the concepts in Title II of Chairman Frank's H.R. 384.