The Congressional Oversight Panel was set up last fall to oversee the Treasury Department's implementation of the Troubled Assets Relief Program.  The panel was tasked by the Obama Administration's Emergency Stabilization Act to look at the foreclosure crisis and assess the government's response.  As COP chair Elizabeth Warren says:

The foreclosure crisis seems to be getting deeper every day. Despite everyone’s good intentions, nothing seems to be working. The Panel wanted to examine why this was the case.  We looked at the causes of the crisis and the impediments to sensible foreclosure mitigation. We were able to create a roadmap for policy makers to use to create successful programs to address this crisis.

Warren, who, as a professor of law at Harvard, specializes in bankruptcy law, addresses the report in this video:

The full report is available here.   Rep. Jeb Hensarling (R-TX) offers a dissenting view of the report at the COP website, here, to which Warren and colleagues reply here.  .