Skip to main content
Filter By
Post
Fannie & Freddie Bonuses: Stunning Silence from President Obama

rSokGrpCoWA

Press Release
Committee Presses Bank of America, Ally Financial for Clear Answers about Foreclosure Violations of Servicemember Civil Relief Act

*** Update – September 15 ***The Oversight Committee today received information requested from Ally Financial. The updated chart below reflects this information: Servicer Total Home Loans Serviced Improper SCRA Foreclosures since 2006 Improper SCRA fees charged since 2006 Bank ...

Report
ACORN Political Machine Tries to Reinvent Itself

ACORN officials, however, appear to be trying to dupe government officials and the American public through false and misleading claims about ending operations.

Report
Treasury Department’s Mortgage Modification Programs: A Failure Prolonging the Economic Crisis

In its current form, HAMP both hurts homeowners who might otherwise spend their trial-period mortgage payments on rent and also distorts the housing market, delaying any recovery. Treasury owes American taxpayers and homeowners an honest explanation of HAMP's ill-advised creation and ongoing mismanagement.

Report
The Role of Government Affordable Housing Policy in Creating the Global Financial Crisis of 2008

Ironically, some of these same Washington officials were, all too recently, advocates of the very mortgage lending policies that led to economic turmoil.

Report
Friends of Angelo: Countrywide’s Systematic and Successful Effort to Buy Influence and Block Reform

With Countrywide-originated loans serving as fuel and Government-Sponsored Enterprises Fannie Mae and Freddie Mac acting as a furnace, the alliance of the companies created an enormous fire that eventually consumed the American economy.