foreclosure policies and practices

Agency Enforcement Action Against Servicers

On April 13, the Fed, OCC, and OTS announced formal enforcement actions against large servicers related to their foreclosure practices based on findings of an interagency review of foreclosure policies and practices. The FDIC also participated in the review as a back-up regulator. The enforcement orders require servicers to take certain actions to remedy deficiencies identified by the review. Interagency Review. Fed Release. OCC Release. OTS Release. FDIC Release.