Deadline Extended for Action Plans under Foreclosure Practices Consent Order

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it had extended the timelines for submission of plans, programs, policies, and procedures and foreclosure review engagement letters required by consent orders issued on April 13 against eight large national bank residential mortgage servicers. At the request of the U.S. Department of Justice and to allow coordination of actions with other agencies at the state and federal level, the OCC extended the deadlines for requirements in Article III through Article IX of the consent orders by 30 days.

Related Link

• NR 2011-47 "OCC Takes Enforcement Action Against Eight Servicers for Unsafe and Unsound Foreclosure Practices"