The Federal Reserve Board has announced that borrowers who think they may have been financially harmed in the mortgage foreclosure process in 2009 and 2010 can now request an independent review and potentially receive compensation. Servicers are required to compensate borrowers for financial injury resulting from deficiencies in their foreclosure processes. Below is a list of participating servicers.
Recourse for borrowers harmed during foreclosure
By: Leslie Black-Plumeau