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Recourse for borrowers harmed during foreclosure

Posted by: Leslie Black-Plumeau on 11/2/2011

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.

Read more here.  To apply borrowers may call 888-952-9105 and visit http://www.independentforeclosurereview.com/ for details.

Participating servicers:

  •      America’s Servicing Co
  •      Aurora Loan Services
  •      Bank of America
  •      Beneficial
  •      Chase
  •      Citibank
  •      CitiFinancial
  •      CitiMortgage
  •      Countrywide
  •      EMC
  •      EverBank/EverHome Mortgage Company
  •      GMAC Mortgage
  •      HFC
  •      HSBC
  •      IndyMac Mortgage Services
  •      MetLife Bank
  •      National City Mortgage
  •      PNC Mortgage
  •      Sovereign Bank
  •      SunTrust Mortgage
  •      U.S. Bank
  •      Wachovia Mortgage
  •      Washington Mutual (WaMu)
  •      Wells Fargo Bank, N.A.