The Residential Mortgage-Backed Securities (RMBS) Working Group is a collaborative effort by the Securities and Exchange Commission, the Department of Justice (including many United States Attorneys' Offices), the New York State Attorney General's Office, and others to investigate RMBS misconduct. The Group is looking for evidence of false or misleading statements, deception, or other misconduct by market participants (such as loan originators, sponsors, underwriters, trustees, and others) in the creation, packaging, and sale of mortgage-backed securities.
We want to hear from RMBS insiders
We are particularly interested in information from corporate insiders – that is, people who worked with RMBS in the financial industry and witnessed the misconduct. Fraud can be hard to uncover without help from whistleblowers who were corporate insiders.
You may be eligible for a substantial reward
Substantial financial rewards may be available if you provide specific information that leads to a monetary recovery by the government. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the reward can amount to 10-30% of the government’s monetary recovery. For more detailed information, visit the SEC Office of the Whistleblower
. Rewards also may be available in some circumstances under other statutes, such as the False Claims Act or the Financial Institutions Anti-Fraud Enforcement Act, which allow whistleblowers to report fraud to the United States Attorney General.
Protections for whistleblowers
Certain federal statutes and SEC rules help protect whistleblowers from retaliation for reporting corporate fraud or misconduct and also help protect their identities from unnecessary disclosure. See the SEC Office of the Whistleblower
It is not too late
The Working Group has the ability to pursue fraud even when it occurred several years ago. The Working Group needs your help to hold wrongdoers accountable, help victims, and deter fraud in the financial industry.
Know about other fraud, or need help with foreclosure?
If you know of fraud that does not specifically relate to mortgage-backed securities, please visit our Report Fraud
page. If you are a homeowner who needs help with a foreclosure, HUD-approved housing counselors are available to assist with foreclosure prevention counseling services. You can find one by visiting the HUD website
or calling HUD’s Housing Counseling and Referral Line at 1-800-569-4287.
If you witnessed or have evidence of false or misleading statements, deception, or other misconduct by market participants such as loan originators, sponsors, underwriters, trustees, and others in the creation, packaging, and sale of RMBS, please report such information. The SEC can collect tips through its online, easy-to-fill-out questionnaire that collects information about tips, complaints and referrals, including complaints by whistleblowers. To find out how to report to the SEC, click the link below.
How to report to the SEC
Some RMBS fraud also may violate the False Claims Act or the Financial Institutions Reform, Recovery and Enforcement Act. For more information on those Acts, on whistleblower rewards that may be available under those Acts, or on how to report such fraud, click the link below.
How to report to the Attorney General