-
provides examples of situations where
compensation or other remediation is
justified because of errors or problems
during a homeowner’s foreclosure process.
-
The independent consultants for the servicers that are not participating in the Agreement
will use the Financial Remediation Framework to recommend remediation for financial injury
identified during the Independent Foreclosure Review.
The servicers will prepare remediation plans based on the independent consultants’
recommendations.
The federal banking regulators must approve each servicer’s remediation plan.
- THE AGREEMENT
FIND OUT MORE
https://independentforeclosurereview.com/Faqs.aspx#FAQ_AGREEMENT
-
INDEPENDENT FORECLOSURE REVIEW
https://independentforeclosurereview.com/
-
FORECLOSURE BETWEEN
01.01.2009 & 12.31.2010
- CONSENT ORDERS
APRIL 2011
-
As part of consent orders with federal banking regulators, the Office of the Comptroller of the Currency (OCC),
the Office of Thrift Supervision (OTS), and the Board of Governors of the Federal Reserve System (FRB),
the Independent Foreclosure Review was established to determine whether eligible homeowners suffered financial
injury because of errors or other problems during their home foreclosure process between January 1, 2009 and
December 31, 2010.
- ERRORS
- OTHER PROBLEMS
-
JANUARY 2013
-
In January 2013, agreements between 13 mortgage servicers and federal banking regulators were reached that
ended the Independent Foreclosure Review for those participating servicers. In July 2013, GMAC Mortgage also
reached an agreement with the Federal Reserve Board that ended the Independent Foreclosure Review.
-
ALL THESE LINKS GO TO THE SAME PAGE
https://independentforeclosurereview.com/Settled.aspx
HAS NO RELEVANT INFORMATION
- F.A.Q'S
- https://independentforeclosurereview.com/Faqs_settled.aspx
https://docs.google.com/document/d/1Ow9VZrzC4wYIQCnB5IanrSGXdurNtFjxuF9Ai1pyE5Q/edit#heading=h.d23004uu69h3
- TAXES
- TAX INFORMATION
https://independentforeclosurereview.com/TaxInfoRes.aspx
https://docs.google.com/document/d/1lcKJ3loL98ENq9B6zvMRPVs0arEPZWgIV_Q1rDEvKtI/edit
- The Agreement will result in all of the eligible borrowers for those servicers receiving a payment under the Agreement.
The Agreement includes the following servicers and their affiliated mortgage companies.
Click on the servicer name for more information:
- Payment Agreements reached in January 2013 with 13 other mortgage servicers.
For more information on the Payment Agreement, click here.
DEAD LINK
http://pubdev.frb.gov/consumerinfo/independent-foreclosure-review-payment-agreement.htm
As of July 26, the Independent Foreclosure Review has ended at all mortgage servicers
supervised by the Federal Reserve Board that were subject to foreclosure-related
enforcement actions.
- As a result of this agreement, the Independent Foreclosure Review,
which involved case-by-case reviews, has ceased at the participating servicers
and been replaced with a broader framework allowing all of the borrowers of
the participating servicers covered by the agreement to receive compensation
significantly more quickly.
-
The agreement has been memorialized by amendments to the consent orders
for each of the 13 participating servicers as of February 28, 2013, and for
GMAC Mortgage as of July 26, 2013. The amendments to the consent orders are
publicly available on the websites of the Office of the Comptroller of the Currency (OCC),
and the Board of Governors of the Federal Reserve System. EverBank’s agreement
with the OCC will also be memorialized in an amendment to their order.
http://www.federalreserve.gov/consumerinfo/independent-foreclosure-review-payment-agreement.htm
http://www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-35.html
-
MY AMENDMENT; WELLS FARGO
http://www.occ.gov/static/enforcement-actions/ea2013-132.pdf
- 2013.02.28 AMENDED W.F. AGREEMENT.pdf
- 2011.03.31 OCC; WELLS FARGO ORDER.pdf
-
PROBLEM: HOW TO GET MY $3,000.00 CHECK RE-ISSUED
REMEDY; JUST COMPENSE
- THIS IS MAP #1: FINANCIAL REMEDIATION FRAMEWORK
EXHIBIT #VISUAL AID #100
Olmsted County district court file #55-F9-05-1712
Winona County district court file #85-CV-10-1935
- MAP #2: $3,000.00
-
MAP #3: THE NOTE
- I THOUGHT YOU SAID THAT THE NOTE WAS
"NO BIG DEAL" ?!?!
-
AMENDMENTS
TO CONSENT
ORDERS
FEBRUARY 28 2013
- FRB_ Press Release--Amendments to consent orders memorialize $9.pdf
- http://www.federalreserve.gov/newsevents/press/enforcement/20130228a.htm
-
YEARS IN REVIEW;
BANKING REGULATIONS
-
2013
- http://www.federalreserve.gov/newsevents/press/bcreg/2013bcreg.htm
-
2012
- http://www.federalreserve.gov/newsevents/press/bcreg/2012bcreg.htm
-
2011
- http://www.federalreserve.gov/newsevents/press/bcreg/2011bcreg.htm
-
2010
- http://www.federalreserve.gov/newsevents/press/bcreg/2010bcreg.htm
-
2009
- http://www.federalreserve.gov/newsevents/press/bcreg/2010bcreg.htm
- YOU WILL NEED TO FIND YOUR CONSENT ORDER;
THEN YOUR AMENDED ORDER
WHO WAS YOUR SERVICER?
http://www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-47.html
-
Financial Remediation Framework for the Continuing Reviews
For servicers whose Independent Foreclosure Review continues,
the consultants will use the framework to recommend remediation
for financial injury identified during the Independent Foreclosure Review.
The servicers will prepare remediation plans based on the consultants' recommendations.
The federal banking regulators must approve each servicer's remediation plan.
The framework helps ensure that similarly situated borrowers receive similar treatment.
http://occ.gov/topics/consumer-protection/foreclosure-prevention/correcting-foreclosure-practices.html
https://docs.google.com/document/d/1wtfXGKl35IDia9X4g9tnxF43EPc5ApZfaAvqf1k7X98/edit#heading=h.bz7s3jmjfpsu
- Borrowers Quick Reference Guide to the Financial Remediation Framework
http://occ.gov/topics/consumer-protection/foreclosure-prevention/framework-summary.html
- The Financial Remediation Framework
http://occ.gov/topics/consumer-protection/foreclosure-prevention/financial-remediation-framework.pdf
- Detailed Questions and Answers
http://occ.gov/topics/consumer-protection/foreclosure-prevention/financial-remediation-faqs.html
-
THIS XMind map was authorized by
China Brown,
EXECUTIVE VICE PRESIDENT OF
Lisa Stinocher O'Hanlon
on 11.03.2013.
- How to
use
my
study
maps:
- 1
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- 2
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- 3
- Now you can download any XMind map you like from my XMind
account to your own computer and use it to work your own case.
Save the originals in a special folder so that you can start over if
you mess up, or share them with a friend or loved one.
- 4
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- Office of the Comptroller of the Currency (OCC)
- Office of Thrift Supervision (OTS)
- Board of Governors of the Federal Reserve System (FRB)