Still No Fair Deal for 'Robo-Signing' Victims?
By Loren Berlin
The Office of the Comptroller of the Currency issued a report Tuesday naming the independent auditors who they've assigned to review the files of Americans who may have been mistreated during recent foreclosure proceedings. But the announcement set off a firestorm of criticism from consumer advocates, who say that they have no confidence that these audits will be independent or effective.
More than 4 million Americans who have lost their homes to foreclosure potentially qualify for a free, independent review of their cases under a deal that federal regulators and mortgage companies brokered earlier this year. The audits are available to those who were living in their home and in some stage of foreclosure during 2009 or 2010, and had a mortgage serviced by one of 24 companies that were hired by 14 banks currently under scrutiny for deficient foreclosure practices.
But if mistakes are found, it's not clear what remedies are available.
See the full story on The Huffington Post
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