Hi, Garret,

Actually, the TARP program was an initiative created and enacted by the Bush administration with strong support from Republicans.  Turns out it worked great as a bailout for the banks and financial institutions.  For homeowners...not so much.  When the housing market tanked initially, TARP was supposed to help them as well, but when unemployment surged into double-digits, a lot of folks (myself included) had no way to pay their mortgages at all.

Then along came the HAMP program in 2009, with the Obama administration claiming it would help roughly 3 to 4 million homeowners.  However, only about 630,000 mortgagors have gotten permanent modifications.  Another 800,000 were rejected during the three month "trial period" prescribed by the program.  Also, modified loans continue to have a re-default rate of about 50%, according to the credit rating agency DBRS.

Even though TARP officially ended this past October, there's still about $470 billion available through HAMP and other federal programs.  So it's hardly fair to assume that your business has dropped off because the Republicans took office.  That's like saying it rained today because you washed your car yesterday.

Regards,
Scott Perry