Round Up of Consent Orders OCC OTS FDIC and Bd Governors of the Fed

The OCC based its enforcement actions on the findings of examinations conducted as part of the interagency horizontal reviews undertaken by the federal banking regulators in the fourth quarter of 2010. Examinations of these eight national bank servicers identified significant weaknesses in mortgage servicing and foreclosure governance that resulted in unsafe and unsound practices.  A summary of the findings of the interagency reviews is available in the Interagency Review of Foreclosure Policies and Practices, which was produced by the OCC, the Board of Governors of the Federal Reserve System, and the Office of Thrift Supervision.

The enforcement actions do not preclude determinations regarding assessment of civil money penalties, which the OCC is holding in abeyance.

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One thought on “Round Up of Consent Orders OCC OTS FDIC and Bd Governors of the Fed

  1. Did you see the DocX and MERS orders? That’s it? That’s all? Why aren’t the DocX clowns in jail? How are the MERS “assistant secretaries” and “vice presidents” valid. This is nuts.

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