Alert August 07, 2012

Federal Banking Agencies Extend Deadline to Request Independent Foreclosure Review

The OCC and FRB announced that the deadline for borrowers submitting requests for Independent Foreclosure Review has been extended to December 31, 2012.  The new deadline provides additional time for borrowers to request a review if they believe they suffered financial injury as a result of errors in foreclosure actions on their homes in 2009 or 2010 by one of the servicers covered by enforcement actions issued in April 2011.  The agencies will work with the servicers to expand their outreach and marketing efforts regarding the Independent Foreclosure Review through the end of the year.