SIGTARP Schools Treasury on Repeated Failure to Protect Homeowners Instead of Servicers With TARP Money

Highlights from the Special Inspector General for TARP’s latest Report: UPDATE ON UNIMPLEMENTED RECOMMENDATIONS CONCERNING HAMP TARP’s signature housing program, HAMP, has not provided enough sustainable foreclosure relief given the unspent TARP funds that Treasury has set aside. HAMP’s foreclosure relief is only sustainable if the homeowner does not fall out of the permanent mortgage […]

Bank of America Treats Desperate Families Making Timely Trial Payments as the Target of an Indiscriminate Deletion Program, the “Blitz.”

Where you and I might see a family, or a retired couple, or schoolchildren being kicked out of their home, BoA trained its employees to see a Target gift card or $500 for ten “targets” (wrongful foreclosures) met. From the Declaration of Simone Gordon, In re Bank of America Home Affordable Modification Program (HAMP) Contract […]