Government Relief Program Applicant Vetting
January 21, 2023
On behalf of a federal financial regulator, performed comprehensive background investigations of applicants to receive federal funds in connection with efforts to restart the country’s asset-backed securitization markets by infusing capital into various types of consumer and commercial mortgage lenders. Hundreds of organizations applied for funding including numerous institutions that were eventually charged criminally in relation to the widespread mortgage-backed securities fraud that triggered the financial crisis in the first place. Through our efforts, the regulator was able to prevent the program from lending to ineligible borrowers such as those that were under investigation.
