Audit Reports

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Progress in Protecting Against Asbestos Exposure, Contaminated Soil, and Illegal Dumping in the TARP-Funded Demolition Program in Detroit
- Audit (March 19, 2020)
Demolition-Related Risks in TARP-Funded Blight Program Mitigated Through Michigan State Agency’s Implementation of SIGTARP Recommendations
- Press Release (March 19, 2020)
Evaluation of Hardest Hit Fund Status and Wind Down Planning
- Engagement Memo (March 4, 2020)
Evaluation of Public Reporting in the Making Home Affordable Program
- Engagement Memo (October 23, 2019)
Hardest Hit Fund Important Fraud and Waste Prevention Control
- Letter (August 13, 2019)
Improvements in State Agency Oversight Needed to Prevent Asbestos Exposure and Fraud in Blight Demolitions
- Audit (July 2, 2019)
- Press Release (July 2, 2019)
Evaluation of the Hardest Hit Fund Blight Elimination in Michigan and Demolition Activities in Detroit
- Engagement Memo (June 4, 2019)
Travel and Conference Charges to the Hardest Hit Fund that Violated Federal Regulations
- Audit (March 7, 2019)
- Press Release (March 7, 2019)
Most of the $9.6 Billion Hardest Hit Fund Has No Federal Competition Requirements for Contract Awards
- Audit (March 8, 2018)
- Press Release (March 8, 2018)
Risk of Asbestos Exposure, Illegal Dumping, and Contaminated Soil Found in Federal Blight Elimination Program
- Audit (November 21, 2017)
- Press Release (November 21, 2017)
Mismanagement of the Hardest Hit Fund in Georgia
- Audit (October 13, 2017)
- Press Release (October 13, 2017)
State Housing Agencies Charged $3 Million in Unnecessary Expenses to the Hardest Hit Fund
- Audit (August 25, 2017)
- Press Release (August 25, 2017)
Improving TARP's Investment in American Workers
- Audit (January 11, 2017)
- Press Release (January 11, 2017)
Hardest Hit Fund Administrative Expenses, Operating Expenses or Other Spending of TARP Funds
- Engagement Memo (October 3, 2016)
Waste and Abuse in the Hardest Hit Fund in Nevada
- Audit (September 9, 2016)
Treasury’s HHF Blight Elimination Program Lacks Important Federal Protections Against Fraud, Waste, and Abuse
- Audit (June 16, 2016)
Mortgage Servicers Have Wrongfully Terminated Homeowners Out of the HAMP Program
- Special Report (January 27, 2016)
Hardest Hit Fund: State Pension Obligations
- Evaluation (December 16, 2015)
SIGTARP Alert: Hardest Hit Fund (HHF) Blight Elimination Risk
- Alert Letter (December 14, 2015)
Homeowners have Struggled with Low Admission Rates and Lengthy Delays in TARP’s Hardest Hit Fund (HHF) Housing Program
- Special Report (October 28, 2015)
Factors Impacting the Effectiveness of Hardest Hit Fund Florida
- Evaluation (October 6, 2015)
Treasury's Opportunity to Increase HAMP's Effectiveness by Reaching More Homeowners in States Underserved by HAMP
- Special Report (April 29, 2015)
Treasury Should Do Much More to Increase the Effectiveness of the TARP Hardest Hit Fund Blight Elimination Program
- Audit (April 21, 2015)
The Legacy of TARP’s Bank Bailout Known as the Capital Purchase Program
- Special Report (January 28, 2015)
Homeowners Can Get Lost in the Shuffle and Suffer Harm When Their Servicer Transfers Their Mortgage But Not the HAMP Application or Modification
- Special Report (October 29, 2014)
Treasury Significantly Loosened Executive Pay Limits Resulting in Excessive Compensation for Top Employees at GM and Ally Financial
- Evaluation (September 24, 2014)
Treasury Should Use HAMP and HHF Together to Help as Many Homeowners as Possible Avoid Foreclosure
- Special Report (July 30, 2014)
Banks and Credit Unions in TARPs CDCI Program Face Challenges
- Special Report (April 30, 2014)
Taxpayer Complaints to Hotline Help SIGTARP Fight Fraud and Highlight Continuing Problems with TARP Housing Programs
- Special Report (January 29, 2014)
Treasury Approved Large Decreases in the Estimated Number of Homeowners to be Helped by States Through TARP’s HHF Program
- Special Report (October 29, 2013)
Treasury’s Role in the Decision for GM to Provide Pension Payments to Delphi Employees
- Audit (August 15, 2013)
Rising Redefaults of HAMP Mortgage Modifications Hurt Homeowners, Communities, and Taxpayers
- Special Report (July 24, 2013)
Banks that Used the Small Business Lending Fund to Exit TARP
- Audit (April 9, 2013)
Taxpayers Continue to Own 74% of GMAC From the TARP Bailout
- Special Report (January 30, 2013)
Treasury Continues Approving Excessive Pay for Top Executives at Bailed-Out Companies
- Evaluation (January 28, 2013)
AIG Remains in TARP as TARP's Largest Investment
- Special Report (July 25, 2012)
The NPV Test’s Impact on HAMP
- Audit (June 18, 2012)
TARP & SBLF: Impact on Community Banks
- Special Report (April 25, 2012)
Factors Affecting Implementation of the Hardest Hit Fund Program
- Audit (April 12, 2012)
The Special Master’s Determinations for Executive Compensation of Companies Receiving Exceptional Assistance Under TARP
- Evaluation (January 23, 2012)
Exiting TARP: Repayment by the Largest Financial Institutions
- Audit (September 29, 2011)
Legal Fees Paid Under the Troubled Asset Relief Program: An Expanded Report
- Audit Report (September 28, 2011)
Treasury's Process for Contracting for Professional Services under TARP
- Audit (April 14, 2011)
Extraordinary Financial Assistance Provided to Citigroup, Inc.
- Audit (January 13, 2011)
Selecting Fund Managers for the Legacy Securities Public-Private Investment Program
- Engagement Memo (October 2, 2009)
Factors Affecting the Decisions of General Motors and Chrysler to Reduce Their Dealership Networks
- Audit (July 19, 2010)
Treasury's Monitoring of Compliance with TARP Requirements by Companies Receiving Exceptional Assistance
- Audit (June 29, 2010)
Assessing Treasury’s Process to Sell Warrants Received From TARP Recipients
- Audit (May 11, 2010)
Factors Affecting Implementation of the Home Affordable Modification Program
- Audit (March 25, 2010)
Additional Insight on Use of Troubled Asset Relief Program Funds
- Audit (December 10, 2009)
Factors Affecting Efforts to Limit Payments to AIG Counterparties
- Audit (November 17, 2009)
Extent of Federal Agencies' Oversight of AIG Compensation Varied, and Important Challenges Remain
- Audit (October 14, 2009)
Emergency Capital Injections Provided to Support the Viability of Bank of America, Other Major Banks, and the U.S. Financial System
- Audit (October 5, 2009)
Despite Evolving Rules on Executive Compensation, SIGTARP Survey Provides Insights on Compliance
- Audit (August 19, 2009)
Opportunities to Strengthen Controls to Avoid Undue External Influence over Capital Purchase Program Decision Making
- Audit (August 6, 2009)
Selecting Fund Managers for the Legacy Securities Public-Private Investment Program
- Audit (October 7, 2010)
- Audit (July 20, 2009)