This story appeared in Bank Digest.
The Office of the Special Inspector General for the Troubled Asset Relief Program has issued its Quarterly Report to Congress for the first quarter of Fiscal Year 2016. The report discusses SIGTARP oversight activities and recommendations, and it contains sections on the Troubled Asset Relief Program and TARP operations and administration. It also contains a section entitled "Mortgage Servicers Have Wrongfully Terminated Homeowners Out of the HAMP Program."
According to the report, SIGTARP's investigations this quarter resulted in significant criminal prosecutions and civil fraud enforcement actions against bankers, including the first indictment of a TARP institution--Wilmington Trust, which was indicted for concealing past due loans.