U.S. flag

An official website of the United States government Here’s how you know

The .gov means it’s official.

Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

The site is secure.

The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

We audited JPMorgan Chase’s (Chase) Federal Housing Administration Home Affordable Modification Program (FHA-HAMP) stand-alone partial claims.  We selected Chase for review based on our analysis of risk factors of loan servicers that filed FHA-HAMP stand-alone partial claims and in accordance with our annual audit plan.  Our audit objective was to determine whether Chase complied with the FHA-HAMP stand-alone partial claim market rate requirement set by the U.S. Department of Housing and Urban Development (HUD).

Chase complied with the FHA-HAMP stand-alone partial claim market rate requirement set by HUD.  Specifically, for all 14 FHA-HAMP stand-alone partial claim cases reviewed, Chase ensured that the borrower’s mortgage interest rate was at or below the market mortgage interest rate as required.