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Troubled Asset Relief Program and Foreclosures
Examines Title II of H.R. 384, to require the Department of Treasury to spend a minimum of $40 billion of the second $350 billion from the troubled assets relief program on foreclosure mitigation, and H.R. 703 and H.R. 788, all to make other modifications to P.L. 110-343, the Emergency Economic Stabilization Act of 2008. Includes appendices describing mortgage origination and securitization process, net present value test, and obstacles to loan modifications created by second mortgages.
Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.
Library of Congress. Congressional Research Service.