Items Tagged with 'Office of the Special Inspector General for the Troubled Asset relief Program'


  • SIGTARP report reveals massive failure of HAMP

    "Massive lost opportunity for an emergency program"
    Servicers denied an alarmingly high number of applications for the Home Affordable Mortgage Program, with mortgage servicers turning down 70% of applications. "That’s roughly 4 million homeowners, or, in fact, the number of families that Treasury initially estimated would be helped under HAMP,” Special Inspector General Christy Romero said.
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  • SIGTARP: Seven charged in multi-million dollar mortgage scheme

    A Manhattan federal court charged Guy Samuel, the co-owner of a company that purported to provide mortgage modification services, and four former employees of the company, for their alleged participation in a multimillion-dollar mortgage fraud scheme. The conspirators falsely claimed their program was tied to the government's Troubled Asset Relief Program.
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