Victims of wrongful foreclosures are finally getting a way to fight back. A year and a half after it was first announced, enforcement action is finally being taken against the 14 largest mortgage servicers in the country.
The Office of the Comptroller of the Currency (OCC) announced yesterday the beginning of the Independent Foreclosure Review; the OCC and the Federal Reserve had called for the review to start back in April 2010. This review, conducted by an independent agency, gives homeowners the opportunity to request a review of how the lender conducted the foreclosure of their primary residence.
Read the rest of the article at CBS News
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