Comptroller defends decision to end independent foreclosure reviews

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Comptroller defends decision to end independent foreclosure reviews

Comptroller defends decision to end independent foreclosure reviews

AND what’s the excuse for the nonindependent reviewers getting $2 BILLION DOLLARS??

We are no longer your fools!

What about this conflict? The OCC and Promontory are now trading employees. Julie Williams to Promontory & Amy Friend to OCC


HW-

Thomas Curry, Comptroller of the Currency, publicly defended the agency’s mutual decision with other regulators to end a complex process of reviewing foreclosures for signs of deception and document mishandling on Wednesday.

While speaking in front of a Women in Housing and Finance conference, Curry said by November 2012, servicers spent $2 billion on consultants to review foreclosures, but no borrowers had been compensated.

The complexity of the review process, as well as the large cost, prompted the OCC and other regulators to settle with servicers for $8.5 billion, ending the foreclosure review process for good.

[HOUSING WIRE]

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CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

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One Response to “Comptroller defends decision to end independent foreclosure reviews”

  1. These politicians knew 4.4 million people were eligible from day one. But when 500,000 of them send in reviews they claim they were overwhelmed? And not the amount of fraud unvelied and whistleblowers? I will believe that when pigs fly and not on Delta!

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