TARP, Loan Modification And Other Disaster stories.

The Credit Crisis of the last two to three years has changed the whole face of the economic landscape. The knee jerk reaction of the government didn?t take long to appear in the form of HARP, HOPE and other cute acronyms. A program that hasn?t received half as much attention has been TARP. Maybe because the acronym is not as cute or because TARP is not as linked with reducing loan payments as with cleaning the mess when things don?t work out. This article deals with what TARP is and what it means for homeowners as well as providing a short analysis how Loan Modifications have fared so far. TARP stands for Troubled Assets Relief Program which sounds nearly as bad as TARP which sounds like something you would paint on your fence to keep woodworm away, which is kind of what TARP is designed