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<br>Under the Independent Foreclosure Review (IFR) Payment Agreement, more than $3.2 billion was distributed to more than 3.6 million qualified debtors, representing more than 90 percent of the overall quantity readily available for circulation.<br>[oshawacondosforsale.com](http://www.oshawacondosforsale.com) |
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<br>Checks related to OCC-regulated banks covered by the IFR Payment Agreement ended December 31, 2016. No extra checks will be released.<br> |
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<br>In June 2016, the Office of the Comptroller of the Currency (OCC) escheated roughly $270 million to state authorities, in connection with the agency-supervised payments under the Independent Foreclosure Review (IFR) Payment Agreement. The OCC expects to escheat an additional $4 million to state authorities by February 2017 to finish the IFR Payment [Agreement](https://www.homesofrockies.com) program. Eligible debtors and their heirs may claim unclaimed funds obligated to them through their [states' escheatment](https://rubaruglobal.com) procedures. Each state has various timelines, however it might be six months or more after the funds are escheated to the states before the respective state has the ability to supply payments under their unclaimed residential or commercial property processes. There is no time limitation within which qualified people should [request funds](https://realtyonegroupsurf.com) under the states' unclaimed funds procedures.<br> |
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<br>Foreclosure Prevention Assistance<br> |
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<br>Regulators motivate debtors requiring foreclosure avoidance support to work directly with their servicer or get in touch with the Homeowner's HOPE Hotline at 888-995-HOPE (4673) (or at Making Home Affordable) to be put in touch with a U.S. Department of Housing and Urban Development authorized [not-for-profit company](https://salonrenter.com) that can supply free help.<br> |
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<br>In This Section<br> |
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<br>OCC Terminates Foreclosure-Related Consent Orders |
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Federal Bank Regulators Fine Document Processor $65 Million |
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EverBank Payment Agreement |
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Related Reports |
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Other Related Documents |
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En Español<br> |
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<br>OCC Terminates Foreclosure-Related Consent Orders<br> |
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<br>Following the confirmation of corrective actions, the OCC has terminated foreclosure-related [approval](https://aurorahousings.com) orders versus the following banks.<br> |
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<br>Termination Order for Bank of America, N.A. (PDF) (June 17, 2015). |
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[Termination](https://lourealtygrp.com) Order for Citibank, N.A. (PDF) (June 17, 2015). |
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Termination Order for PNC Bank, N.A. (PDF) (June 17, 2015). |
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Termination for EverBank (PDF) (January 5, 2016). |
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Termination for JPMorgan Chase Bank, N.A. (PDF) (January 5, 2016). |
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Termination for OneWest (PDF) (July 21, 2015). |
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Termination for Santander Bank, N.A. (PDF) (February 9, 2016). |
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Termination for U.S. Bank National Association (PDF) (February 9, 2016). |
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Termination for Wells Fargo Bank, N.A. (PDF) (May 24, 2016). |
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Termination for HSBC Bank USA, N.A. (PDF) (January 9, 2017)<br> |
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<br>Foreclosure-related consent orders versus Aurora Bank, FSB, and MetLife Bank, N.A., were ended previously by operation of law after these organizations ceased to run as regulated, insured depository institutions.<br> |
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<br>Federal Bank Regulators Fine Document Processor $65 Million<br> |
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<br>The federal banking agencies fined ServiceLink Holdings, LLC (ServiceLink Holdings), $65 million for incorrect actions by its predecessor company, Lender Processing Services, Inc. (LPS), which led to substantial deficiencies in the foreclosure-related services that LPS provided to mortgage servicers.<br> |
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<br>Civil Money Penalty Order (PDF) (January 24, 2017)<br> |
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<br>IFR Payment Agreement<br> |
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<br>Agencies Announce Reissuance of Checks Related to the Independent Foreclosure Review. |
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Foreclosure-Related Consent Orders [Status Report](https://preconcentral.com) April 2014. |
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Report on Independent Foreclosure Review Payment Data. |
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Minimum Standards for Prioritization and Handling Borrower Files with Imminent Foreclosure Sale. |
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Payments start April 12. |
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IFR Payment Agreement Details. |
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Amendments to April 2011 Enforcement Actions. |
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Comptroller Speech. |
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Payment Agreement Announcement. |
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Original Enforcement Actions<br> |
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<br>EverBank Payment Agreement<br> |
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<br>EverBank Amended Order. |
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EverBank Accepts Pay $37 Million. |
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EverBank FAQs<br> |
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<br>Related Reports<br> |
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<br>Foreclosure-Related Consent Orders Status Report: Observations, Payments, and Foreclosure Prevention Assistance (April 2014) - On April 30, 2014, the OCC launched a report on IFR Payment Agreements that provides data on the status of payments and foreclosure prevention assistance in addition to a discussion of observations from the reviews. |
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Report on Independent Foreclosure Review Payment Data (May 2013) - This report supplies information on IFR payments by state as of May 31, 2013. |
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Interim Status Report: Foreclosure-Related Consent Orders (June 21, 2012) - The OCC launched its 2nd interim report on the status of the IFR and actions needed by approval orders issued in April 2011 to remedy lacking mortgage maintenance and foreclosure processes. |
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Interagency Review of Foreclosure Policies and Practices (April 2011) - The OCC, the Board of Governors of the Federal Reserve System, and the OTS performed interagency examinations in the fourth quarter of 2010 and published a summary of findings in April 2011.<br> |
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<br>Other Related Documents<br> |
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<br>- Expand All. |
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- Collapse All<br> |
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<br>Enforcement Acton Amendments Implementing Business Restrictions Against Certain Banks (Issued June 2015) Show<br> |
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<br>On June 17, 2015, the OCC revealed certain company limitations associated with mortgage maintenance [activities](https://realestategrupo.com) of EverBank |
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