Add 'Correcting Foreclosure Practices'

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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 eligible customers, representing more than 90 percent of the total quantity available for circulation.<br>
 <br>Checks connected to OCC-regulated banks covered by the IFR Payment Agreement expired December 31, 2016. No additional checks will be released.<br>
 <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 expects to escheat an additional $4 million to state authorities by February 2017 to complete the IFR Payment Agreement program. Eligible borrowers and their beneficiaries might claim unclaimed funds obliged to them through their states' escheatment procedures. Each state has various timelines, however it may be six months or more after the funds are escheated to the states before the particular state has the ability to offer payments under their unclaimed residential or commercial property processes. There is no time at all limit within which qualified individuals need to request funds under the states' unclaimed funds procedures.<br>
 <br>Foreclosure Prevention Assistance<br>
 <br>Regulators encourage customers requiring foreclosure prevention assistance to work straight with their servicer or contact 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](https://ivoryafrica.com) and Urban Development approved not-for-profit company that can provide complimentary assistance.<br>
 <br>In This Section<br>
 <br>OCC Terminates Foreclosure-Related Consent Orders
 Federal Bank Regulators Fine Document Processor $65 Million
 EverBank Payment Agreement
 Related Reports
 Other Related Documents
 En Español<br>
 <br>OCC Terminates Foreclosure-Related Consent Orders<br>
 <br>Following the confirmation of corrective actions, the OCC has actually ended foreclosure-related approval orders versus the following banks.<br>
 <br>Termination Order for Bank of America, N.A. (PDF) (June 17, 2015).
 Termination Order for Citibank, N.A. (PDF) (June 17, 2015).
 Termination Order for PNC Bank, N.A. (PDF) (June 17, 2015).
 Termination for EverBank (PDF) (January 5, 2016).
 Termination for JPMorgan Chase Bank, N.A. (PDF) (January 5, 2016).
 Termination for OneWest (PDF) (July 21, 2015).
 Termination for Santander Bank, N.A. (PDF) (February 9, 2016).
 Termination for U.S. Bank National Association (PDF) (February 9, 2016).
 Termination for Wells Fargo Bank, N.A. (PDF) (May 24, 2016).
 Termination for HSBC Bank USA, N.A. (PDF) (January 9, 2017)<br>
 <br>Foreclosure-related approval orders versus Aurora Bank, FSB, and MetLife Bank, N.A., were terminated formerly by operation of law after these organizations ceased to operate as regulated, guaranteed depository institutions.<br>
 <br>Federal Bank Regulators Fine Document Processor $65 Million<br>
 <br>The federal banking companies fined ServiceLink Holdings, LLC (ServiceLink Holdings), $65 million for improper actions by its predecessor company, Lender Processing Services, Inc. (LPS), which resulted in significant deficiencies in the [foreclosure-related services](https://amlakarbab.ir) that LPS provided to mortgage servicers.<br>
 <br>Civil Money Penalty Order (PDF) (January 24, 2017)<br>
 <br>IFR Payment Agreement<br>
 <br>Agencies Announce Reissuance of Checks Related to the Independent Foreclosure Review.
 Foreclosure-Related Consent Orders [Status Report](https://www.properush.com) April 2014.
 Report on Independent Foreclosure Review Payment Data.
 Minimum Standards for Prioritization and Handling Borrower Files with Imminent Foreclosure Sale.
 Payments begin April 12.
 IFR Payment Agreement Details.
 Amendments to April 2011 Enforcement Actions.
 Comptroller Speech.
 Payment Agreement Announcement.
 Original Enforcement Actions<br>
 <br>EverBank Payment Agreement<br>
 <br>EverBank Amended Order.
 EverBank Consents To Pay $37 Million.
 EverBank FAQs<br>
 <br>Related Reports<br>
 <br>Foreclosure-Related Consent Orders Status Report: Observations, Payments, and Foreclosure Prevention Assistance (April 2014) - On April 30, 2014, the [OCC released](https://mavrikoscollective.com) a report on IFR Payment Agreements that offers information on the status of payments and foreclosure prevention help in addition to a discussion of observations from the reviews.
 Report on Independent Foreclosure [Review Payment](https://www.grad-group.com) Data (May 2013) - This report offers data on IFR payments by state as of May 31, 2013.
 Interim Status Report: Foreclosure-Related Consent Orders (June 21, 2012) - The OCC released its second interim report on the status of the IFR and actions required by consent orders released in April 2011 to fix lacking mortgage servicing and foreclosure processes.
 Interagency Review of Foreclosure Policies and Practices (April 2011) - The OCC, the Board of Governors of the Federal Reserve System, and the OTS conducted interagency examinations in the 4th quarter of 2010 and published a summary of findings in April 2011.<br>
 <br>Other Related Documents<br>
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 <br>Enforcement Acton Amendments Implementing Business Restrictions Against Certain Banks (Issued June 2015) Show<br>
 <br>On June 17, 2015, the OCC announced certain business limitations associated with mortgage servicing activities of EverBank