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Foreclosures Increase 11.2% in Third Quarter over Second Quarter of 2010. And...

According to Wednesday’s report released by the Office of the Comptroller of the Currency (“OCC”) and Office of Thrift Supervision (“OTS”), there were nearly 245,000 completed foreclosures in the...

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When Auditing Foreclosures, the OCC’s Definition of the Word “Thorough” is...

The Consent Orders issued by federal banking regulators a few weeks back said that the country’s largest bank-servicers had to conduct “a thorough independent review” of their foreclosures. So, on...

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Insider Says Wells Fargo’s Independent Foreclosure Review for OCC is “a Sham”

    I got an email the other night from one of my readers.  It said…   “I was hired as one of those “Independent File Review Specialist” at a company called Promontory working on Wells Fargo Bank. I...

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