BANKTHINK

Foreclosure Settlement Gets Bungled … Again; JPM's Corporate Governance Drama Revisited; Big Banks Band Together

Receiving Wide Coverage ... Another Foreclosure Error: First, the OCC and Federal Reserve oversaw a foreclosure review process that benefited independent consultants more than actual homeowners. Next, the regulators replaced this costly foreclosure review with a settlement that gave only $300 to most affected borrowers. Then some of the checks mailed to borrowers bounced. Now regulators have disclosed that nearly 100,000 borrowers received checks for less than what they were owed, due to a clerical error…

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