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<br>Under the Independent Foreclosure Review (IFR) Payment Agreement, more than $3.2 billion was dispersed to more than 3.6 million qualified borrowers, representing more than 90 percent of the total quantity readily available for distribution.<br> |
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<br>Checks connected to OCC-regulated banks covered by the IFR Payment Agreement ended December 31, 2016. No extra checks will be issued.<br>[pflanzenhof-vaihingen.de](https://www.pflanzenhof-vaihingen.de/shop/artikel/256/pyrus-communis-condo) |
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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 anticipates to escheat an additional $4 million to state authorities by February 2017 to complete the IFR Payment Agreement program. Eligible [customers](https://costaricafsbo.com) and their beneficiaries may declare unclaimed funds bound to them through their states' escheatment procedures. Each state has different timelines, but it may be six months or more after the funds are escheated to the states before the respective state is able to provide payments under their unclaimed residential or commercial property procedures. There is no time at all limit within which qualified people should ask for funds under the states' unclaimed funds procedures.<br> |
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<br>Foreclosure Prevention Assistance<br> |
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<br>Regulators motivate borrowers needing [foreclosure prevention](https://propertybaajaar.com) assistance to work straight with their servicer or call 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 nonprofit company that can supply complimentary support.<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 ended foreclosure-related approval 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 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 authorization orders against Aurora Bank, FSB, and MetLife Bank, N.A., were terminated previously by operation of law after these institutions stopped to operate as controlled, guaranteed depository organizations.<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 inappropriate actions by its predecessor business, Lender Processing Services, Inc. (LPS), which led to significant shortages 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](https://akarat.ly) Orders Status Report 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 begin 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](https://primeestatemm.com). |
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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 Consents To 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 released a report on IFR Payment Agreements that offers data on the status of payments and foreclosure avoidance support along with a discussion of observations from the reviews. |
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Report on Independent Foreclosure Review Payment Data (May 2013) - This report provides 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 required by approval orders provided in April 2011 to correct lacking mortgage maintenance and foreclosure procedures. |
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Interagency Review of [Foreclosure](https://circaoldhouses.com) Policies and Practices (April 2011) - The OCC, the Board of Governors of the Federal Reserve System, and the OTS carried out interagency assessments in the 4th quarter of 2010 and [published](https://2c.immo) 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 announced particular organization limitations related to mortgage servicing activities of EverBank |
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