Congress raises alarm on US mortgage fraud risk

In a report released earlier this week, the US Congressional Oversight Panel (COP) for the Troubled Asset Relief Program (Tarp) warned that widespread failure by banks to keep track of the mortgages they owned could end up causing billions of dollars in losses, and might even threaten the stability of the financial system. Read the full report.

Recent weeks have seen a steady drumbeat of damaging revelations of incompetence and fraud across the US mortgage lending and securitisation industry.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: