When Auditing Foreclosures, the OCC's Definition of the Word "Thorough" is "Hidden"

The Consent Orders issued by federal banking regulators a few weeks back said that the country's largest bank-servicers had to conduct "a thorough independent review" of their foreclosures. So, on Friday, the OCC met with representatives from the banks to hand them their marching orders. According to American Banker magazine, the bankers were hoping to be instructed to review a few hundred cases, but instead they got a lot more than they'd hoped.