tailieunhanh - United States Government Accountability Office GAO November 2011_part6

CỤC CỦA KHO BẠC | VĂN PHÒNG CỦA ổn định tài chính nghĩa vụ theo các yêu cầu MHA để cung cấp một chương trình được kiểm soát tốt có thể hỗ trợ càng nhiều chủ nhà hội đủ điều kiện có thể để giữ lại nhà của họ trong khi thực hiện các bước hợp lý để ngăn chặn lãng phí, gian lận và lạm dụng. OFS tác chặt chẽ với MHA-C để thiết kế và cải tiến các chương trình tuân thủ và thực hiện đánh giá chất lượng các hoạt động được thực hiện bởi MHA-C. | Management s Discussion and Analysis THE DEPARTMENT OF THE TREASURY OFFICE OF FINANCIAL STABILITY obligations under MHA requirements in order to provide a well-controlled program that assists as many eligible homeowners as possible to retain their homes while taking reasonable steps to prevent waste fraud and abuse. OFS works closely with MHA-C to design and refine the compliance program and conducts quality assessments of the activities performed by MHA-C. In fiscal year 2011 OFS began publishing quarterly assessments of the ten largest servicers. W arrant Sales Results OFS adheres to a consistent process for evaluating bids from institutions to repurchase their warrants. Upon receiving a bid for a warrant repurchase OFS utilizes i market quotes ii independent third party valuations and iii model valuations to assess the bid. OFS began selling warrants back to banks that had repaid the TARP investment in May 2009. Since the program s inception OFS has received more than billion in gross proceeds from the disposition of warrants associated with 93 CPP investments and both TIP investments consisting of i billion from issuer repurchases at agreed upon fair market values and ii billion from auctions. For the 93 fully repaid CPP investments representing billion in capital OFS has received an absolute return . not annualized of percent from dividends and an added percentage return from the sale of the warrants for a total absolute return of percent. For the 40 billion TIP investments in Bank of America and Citigroup OFS received an absolute return of percent from dividends and an added percent return from the sale of the warrants for a total absolute return of These returns are not predictive of the eventual returns on the entire CPP portfolios. For the complete Warrant Disposition Report please visit http initiatives financial-stability briefing-room reports other Pages Operational .