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SIGTARP FY23 Oct 1-Mar 31 Semiannual Report

Report Description: 
As a law enforcement office, SIGTARP has a proven record of identifying and investigating fraud and other crimes. SIGTARP investigations have resulted in the recovery of more than $11.3 billion while coordinating with the Department of Justice (DOJ) and other law enforcement agencies to criminally prosecute 471 defendants - 321 of them sentenced to prison, including 75 bankers. Our investigations have also resulted in enforcement actions against 25 corporations/entities, including enforcement actions against many of the largest U.S. financial institutions. The Home Affordable Modification Program (HAMP) is the largest ongoing EESA program and is ending on April 28, 2023. According to March 2023 data, HAMP is still providing much needed foreclosure relief to more than 550,000 participating homeowners living in all 50 states. The Department of the Treasury paid $122.9 million in fiscal year 2023 and made its final advance payment of eligible incentives in March 2023. SIGTARP's investigations into the HAMP program have protected consumers seeking access to HAMP and who subsequently became the victims of scams. To date, SIGTARP has brought to justice 121 convicted scammers.
Date Issued: 
Friday, April 28, 2023
SARC Start Date: 
Saturday, October 1, 2022
SARC End Date: 
Friday, March 31, 2023
Agency Reviewed / Investigated: 
Type of Report (Audit, Inspection / Evaluation, Review, etc.): 
Semiannual Report
Questioned Costs: 
Funds for Better Use: 
View Document: 

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