Damning report finds state agencies wasted millions meant for struggling homeowners

A damning new report from a federal watchdog shows that 19 state housing finance agencies wasted millions of dollars that should have gone to struggling homeowners as part of the government’s Hardest Hit Fund program. The report, published Friday by the Office of the Special Inspector General for the Troubled Asset Relief Program, showed that an investigation found that all 19 of the state housing finance agencies that participated in the Hardest Hit Fund collectively wasted money in some form.

Source: Damning report finds state agencies wasted millions meant for struggling homeowners

Advertisements

One thought on “Damning report finds state agencies wasted millions meant for struggling homeowners

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s