Justice Department IG Report Refutes Many Issa Claims from Fast and Furious Scandal

By: Wednesday September 19, 2012 2:04 pm

A Justice Department Inspector General’s report on the Fast and Furious matter largely exonerates Attorney General Eric Holder, claiming that he knew nothing about the gun-running operation until after the death of a US Border Patrol agent. The report by the Justice Department’s Inspector General Michael Horowitz said there is “no evidence that … Holder [...]

Treasury IG: OCC Ignored Foreclosure Fraud

By: Monday June 4, 2012 8:15 am

In an interesting case of one federal regulatory agency accusing another, the inspector general of the Treasury Department released a report that faulted the Office of the Comptroller of the Currency for failing to recognize or crack down on widespread foreclosure fraud practices. As foreclosures skyrocketed across the country in the wake of the financial [...]

Pro Publica Continues Its War on Ed DeMarco

By: Thursday March 29, 2012 6:16 am

Pro Publica continued its jihad against Ed DeMarco yesterday with yet another piece blaming him for the sins of the Administration’s housing policy. This is just an overview piece that muses about how to best get rid of DeMarco. Actually, it’s a bit off-message, because they’re just supposed to say that the White House has [...]

Robo-Signing, Servicer Abuse Ongoing at Time of HUD IG Report

By: Wednesday March 14, 2012 11:38 am

Whatever you think about the foreclosure fraud settlement, its ostensible purpose would be to stop the things that it releases from liability. That’s the exchange: you (banks) pay a penalty and stop the misconduct, and we (government) won’t sue you for the misconduct. You don’t have to like that exchange, but that’s how it’s supposed [...]

Obstruction of Justice a Feature of Bank Interaction with Foreclosure Fraud Investigators

By: Wednesday March 14, 2012 6:55 am

You can find the HUD IG reports on servicer abuse here. They created one for each bank involved. And they really are incredible, describing a pattern and practice of abuse that is quite extraordinary. They paint a picture of constant demand on the back offices of the major servicers to simply produce more and more [...]

HUD IG Report Released With Settlement Details Servicer Abuse Directed From the Top

By: Tuesday March 13, 2012 9:14 am

Before the foreclosure fraud settlement was announced, I was told by high-level officials that the celebrated but still-secret HUD IG report detailing some of the crimes of the mortgage industry would be released when the settlement terms were filed in federal court. That document was indeed released today, and The New York Times reviewed it. [...]

IG Report Whitewashes Firing of Foreclosure Fraud Investigators in Florida

By: Monday January 9, 2012 7:22 am

A remarkable report from an Inspector General in Florida not only clears the state Attorney General’s office for the firings of two foreclosure fraud investigators, it accuses bloggers and advocates of dictating and controlling investigations, sometimes for nakedly personal reasons. The story, which most clearly resembles the US Attorney scandal of the Bush era, requires [...]

Schneiderman Teams Up With FHFA IG on Foreclosure Fraud Investigation

By: Monday December 19, 2011 9:51 am

As other Attorneys General took the lead in efforts to fight foreclosure fraud, with lawsuits from Delaware’s Beau Biden, Massachusetts’ Martha Coakley and Nevada’s Catherine Cortez Masto, we hadn’t heard as much from New York’s Eric Schneiderman lately. But he’s back in the news, teaming with a federal Inspector General on an investigation: The federal [...]

State Department IG Investigation of Keystone XL Pipeline Could Halt Approval Process

By: Tuesday November 8, 2011 9:35 am

The news that the State Department Inspector General will investigate the process involving State’s environmental impact study on the Keystone XL pipeline that allegedly was the product of a massive conflict of interest throws a significant spanner in the gears moving to get the pipeline approved. With an open investigation, it would simply be difficult [...]

FHFA Suspends Future Repurchase Settlements After IG Criticism of Freddie Mac Deal

By: Thursday September 29, 2011 12:37 pm

A couple days ago I wrote about an inspector general report from the Federal Housing Finance Administration, which showed that both Freddie Mac and the FHFA (the overseer of the GSEs) dropped the ball in a settlement with Bank of America over repurchases of mortgage-backed securities. Freddie Mac didn’t take into account tens of thousands [...]

Joint OIG Report Shows CFPB Competently Built and Run

By: Monday July 18, 2011 6:50 am

When President Obama announces today that he has nominated Richard Cordray to head the Consumer Financial Protection Bureau, it will not melt the cold hearts of Senate Republicans and get them to embrace both the agency and its new director. They don’t want it to exist. They want to hamstring it in all the ways [...]

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