After receiving reports from the country's largest mortgage servicers on their foreclosure procedures, regulators are teaming up to double-check the findings.

On Monday, John Walsh, acting Comptroller of the Currency, told bankers at the American Bankers Association's annual convention, which is being held in Boston, that the Federal Deposit Insurance Corp. and the Federal Reserve would join the national bank regulator this week in beginning exams of the servicers.

"We are going in and verifying what we've been told," Walsh said during a question-and-answer session after his speech to the convention.

The interagency committee is also examining instances where customers may have been affected because of improper procedures or fraudulent activity involving foreclosures.

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