Mortgage servicers, OCC meet privately on consent orders

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Mortgage servicers, OCC meet privately on consent orders

Mortgage servicers, OCC meet privately on consent orders

Housing Wire-

The Office of the Comptroller of the Currency met with the 14 mortgage servicers Friday over details in the recently signed consent orders, sources familiar with the matter confirmed.

The orders are meant to settle recent foreclosure investigations. According to the orders, servicers must retain an independent firm to review foreclosure actions pending between Jan. 1, 2009 and Dec. 31, 2010. The review will be conducted to determine any financial injury to borrowers caused by the errors, misrepresentations or other deficiencies.


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