Only “Number Jesters” report 2Q economic growth at 4% pace

4 factors weighing down housing in the second half of 2014

Will housing collapse?

Altos: Critics wrong about housing, it’s going to soar

2015 will see notable price appreciation

Items Tagged with 'TARP'


$22B in government mortgage relief still left for struggling homeowners

HAMP defaults still running high
July 30, 2014
The Treasury still has plenty of money left to help struggling homeowners, with nearly $22 billion of untapped funding available for the Treasury’s Making Home Affordable program.
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Fraudulent mortgage modifier sent to prison for $4 million scam

Joins three co-conspirators in federal prison
April 25, 2014
In exchange for up-front fees ranging from $400 to $2,000, Kelly and his colleagues would send their customers a do-it-yourself application package, which was virtually identical to the application that the government provides free of charge.
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Bank CEO banned for buying condo with TARP money

Used $381,487 to buy himself a condo in Florida
April 17, 2014
According to the Federal Reserve Board, former bank CEO Darryl Woods took $381,487.45 of TARP funds to purchase a condo for himself in Fort Meyers, Fla.
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TARP creator: You can't just let all banks fail (even though you want to)

Neel Kashkari, yes Neel Kashkari, is running for California governor
March 31, 2014
The mastermind behind the Troubled Asset Relief Program, Neel Kashkari, is attempting to step into a new role and is running in the 2014 election for California governor. And while there are mixed attitudes about TARP, Kashkari sees it as a sign he can help run the Golden State.
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Fraudulent mortgage modifier sentenced to nine years in federal prison

Dangled TARP dollars, then defrauded hundreds of homeowners
March 21, 2014
Isaak Khafizov, 27, was sentenced to nine years in federal prison for operating a fraudulent mortgage modification operation that defrauded hundreds of struggling homeowners out of more than half a million dollars.
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SEC charges Jefferies with failure to control rogue bond traders

Company will pay $25 million minimum
March 12, 2014
Jefferies agrees to pay $25 million to settle the SEC's charges, as well as a parallel action announced today by the U.S. Attorney's Office for the District of Connecticut. And that's just the beginning.
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Former Jefferies trader to face trial by jury

Jesse Litvak charged with defrauding TARP
February 19, 2014
Litvak faces 20 years in prison for allegedly misrepresenting the pricing of mortgage-backed securities. His attorney said his behavior is merely the reflection of the Jefferies sales culture.
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WaMu manager admits to taking bribes

All part of a $12 million debt fraud scheme
January 16, 2014
"While the nation struggled through the financial crisis, rather than collect the debts of banks, executives at Oxford ripped-off TARP recipients and Washington Mutual in a $12 million debt fraud scheme, and Gesimondo shared in their spoils," said Christy Romero, Special Inspector General for TAR.
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California man sentenced to jail in foreclosure rescue scam

Defendant filed bogus bankruptcies to delay the process
December 6, 2013
SIGTARP announced the sentencing of a California man who is accused of launching a bogus foreclosure rescue scheme. The scam eventually impacted TARP banks, prompting an investigation.
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Monday Morning Cup of Coffee: Kansas fights mortgage fee, NJ closes foreclosure program

December 2, 2013
States across the nation continue dealing with ongoing housing issues. While New Jersey has almost dried up its foreclosure prevention money supply, Kansas is fighting an unpopular mortgage-related tax.
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