Sham Foreclosure Reviews Major Cash Cows for Foreclosure Reviewers

By: Saturday November 3, 2012 9:26 am

Jeff Horwitz and Kate Berry have an excellent two-part series in American Banker on these “independent” foreclosure reviews. For background, the Office of the Comptroller of the Currency put together these consent orders with 14 banks last year, separate from the foreclosure fraud settlement, and put together this review process. In theory, independent reviewers would [...]

OCC Sham Foreclosure Reviews: Banks Doing Most of the Reviewing Themselves

By: Thursday October 11, 2012 9:15 am

It’s been painfully clear for a while that these “independent foreclosure reviews” directed by the OCC were nothing more than a scam, a way to once again build hopes among foreclosure victims of restitution for the fraudulent actions of their lenders. The OCC, the lead regulator on the reviews, already biased the entire enterprise by [...]

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