Feds reissue checks related to the Independent Foreclosure Review

Just about a month ago, 4.2 million formerly distressed borrowers received small postcards in the mail stating that their settlement check would be coming soon. That’s the settlement coming from the Attorney General (by means of its paying agent, Rust Consulting) as part of the Independent Foreclosure Review.

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Replacement checks are being mailed this week to borrowers eligible for payment under the Independent Foreclosure Review, according to the Office of the Comptroller of the Currency.

Thomas Curry keeps insisting the decision to end the independent foreclosure review will deliver fatter checks to more borrowers. deeper explanations from federal regulators. I think it’s becoming.

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As part of consent orders with federal banking regulators, the Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS), and the Board of Governors of the federal reserve system (federal reserve), the Independent Foreclosure Review (IFR) was established to determine whether eligible homeowners suffered financial injury because of errors or other problems during.

Agencies Announce Reissuance of Checks Related to the Independent foreclosure review. replacement checks are being mailed this week to borrowers eligible for payment under the Independent Foreclosure Review Payment Agreements and who have not yetcashed or deposited their check, the Federal Reserve Board and the Office of the Comptroller of the Currency announced Wednesday.

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Independent foreclosure review checks are finding their way into the hands of Americans wrongfully foreclosed upon, most commonly for $300 which some are surprised to receive at all, while others.

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At the direction of the Federal Reserve, on August 8 and 15, the paying agent, Rust Consulting, Inc. (Rust) will mail payments to nearly 650,000 eligible borrowers of Federal Reserve supervised servicers who cashed or deposited their initial checks from the Independent Foreclosure Review (IFR) Payment Agreement by the March 31, 2016 deadline.

Sign right up for your $300 foreclosure check The clock is now at zero for the borrowers eligible for payment under the Independent Foreclosure Review. check reissuances to accommodate all reissue, payee change, and split check requests. All.

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