Relevant:
- OCC Says Almost 500,000 Seek Reviews of Foreclosures
- While Wronged Homeowners Got 300 Apiece in Foreclosure Settlement, Consultants Who Helped Protect Banks Got 2 Billion
- Our FAQ on the Foreclosure Reviews
- Is BofA's Foreclosure Review Really Independent? You Be the Judge
- Bank Foreclosure Deal Said to Be Held Up Over Liability Releases
2013-01-07 — bloomberg.com
``The servicers were ordered by the OCC and other banking regulators in 2011 to clean up their foreclosure practices and hire independent consultants to see whether they treated customers unfairly in 2009 and 2010. Federal regulators are set to replace that existing victim-by-victim compensation effort with about $10 billion in flat penalties, according to five people briefed on the talks who asked not to be named because the discussions are private. ''
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