#sigtarp

SIGTARP moves to hold top brass accountable for bad bank behavior

Housingwire: In its quarterly report to Congress, published Wednesday morning, the Special Inspector General of the Troubled Asset Relief Program proposes a new rule that bring an end to the “insulated CEO” by requiring the CEO and other executives to sign an annual certification that conducted due diligence within their organization and can “certify that that there is no criminal conduct or…

SIGTARP: Mortgage Servicers Have Wrongfully Terminated Homeowners Out of the HAMP Program

WRONGFUL TERMINATIONS OF HOMEOWNERS FROM HAMP BY TOP HAMP SERVICERS, Q4 2014 TO Q3 2015 Servicer Wrongful Terminations of Homeowners from HAMP Bank of America, N.A. X CitiMortgage Inc X JPMorgan Chase Bank, N.A. X Nationstar Mortgage LLC X Ocwen Loan Servicing, LLC X Select Portfolio Servicing, Inc. Wells Fargo Bank, N.A. X X Wrongful terminations of homeowners from HAMP found by Treasury.…

SIGTARP report to Congress: JP MORGAN CHASE AND BANK OF AMERICA, HISTORICALLY THE TWO LARGEST HAMP SERVICERS, AND CITI EACH TURNED DOWN 80% OR MORE OF HOMEOWNERS WHO APPLIED FOR HAMP; OCWEN, THE CURRENT LARGEST HAMP SERVICER, TURNED DOWN MORE THAN 70% OF HOMEOWNERS WHO APPLIED FOR HAMP Effective December 1, 2009, Treasury made the decision to require that HAMP servicers report to Treasury’s…

If you modified your mortgage early in the lifespan of the government’s HAMP initiative, watch your interest rates, as they may be climbing soon. The Home Affordable Modification Program, or HAMP was a program put into place by the federal government to help struggling homeowners avoid foreclosure. The program began in 2009, although the first big wave of homeowners enrolled in the program did…

If the Obama Administration can't even enforce limits on executive pay at bailed-out companies, how is it going to fight financial industry crime?