Alert June 12, 2012

FRB Releases Independent Foreclosure Review Website

The FRB launched a website providing borrowers with information about independent foreclosure reviews resulting from the FRB’s April 2011 enforcement actions against four servicers. The four servicers, along with 23 other servicers, are required to provide independent foreclosure reviews for foreclosure actions that took place in 2009 and 2010. The website provides information about review eligibility, the review process and the deadline to request a review, which was extended to July 31, 2012. Click here for the website.