Independent Foreclosure Review.  

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 their home foreclosure process between January 1, 2009 and December 31, 2010.

In 2013, most of the mortgage servicers subject to the consent orders reached an agreement with federal banking regulators to make payments to in-scope borrowers based on the type of possible financial injury they may have suffered. That agreement ended the IFR for those participating servicers. For the servicers that were part of the IFR Payment Agreement, the mailing of payments to the more than 4.2 million in-scope borrowers, which began in April 2013 and continued through 2016, is now complete, and no further payments will be issued.

As of December 31, 2016, all checks have now expired and will not be honored if presented for payment. The deadline to request a payment to be reissued, or to request to change the name on a check, has also passed for all servicers. You can contact the Paying Agent with questions at 1-888-952-9105 Monday through Friday, 9 am - 8 pm ET.

If your servicer was one of the following ...

.. and you did not cash or deposit your check:

  • Aurora Loan Services
  • Bank of America
    • BAC Home Loan Servicing
    • Countrywide
  • Citibank
    • CitiFinancial
    • CitiMortgage
    • Citi Residential Lending
  • EverBank *
  • MetLife Bank
  • PNC
    • National City
  • Sovereign (now known as Santander Bank)
  • US Bank
  • Wells Fargo
    • America's Servicing Co.
    • Wachovia
    • Wilshire Credit Corporation

Your loan was regulated by the OCC. Funds for uncashed payments have been or will be transferred to your state’s unclaimed property division no later than February 15, 2017.
To confirm which state your payment was or will be sent, please call the Paying Agent at 1-888-952-9105.

* Borrowers who had a mortgage loan with EverBank or EverHome should contact EverBank at 1-800-669-7724.

If your servicer was one of the following ...

.. and you did not cash or deposit your check:

  • GMAC Mortgage
  • Goldman Sachs/Litton Loan Servicing
  • Morgan Stanley/Saxon Mortgage Services
  • SunTrust

Your loan was regulated by the Federal Reserve. Any funds remaining will be remitted to the general fund of the U.S. Treasury.

If your servicer was one of the following ...

.. and you did not cash or deposit your check:

  • HSBC
    • Beneficial
  • JPMorgan Chase
    • Chase
    • EMC Mortgage Corporation
    • Washington Mutual

Your loan may have been regulated by either the OCC or the Federal Reserve. Please call the Paying Agent at 1-888-952-9105 regarding the status of your payment.

 

Two servicers, Financial Freedom and OneWest/IndyMac Mortgage Services, did not participate in the IFR Payment Agreement and have completed the IFR process, including payment to all eligible borrowers. Uncashed funds from these payments will be escheated to the last known state of residence of the borrower beginning March 3, 2017. For information on which state your payment is being escheated to, please contact OneWest Bank at 1-800-500-6097, Monday through Friday, 8 am to 8 pm CT.

For additional information about the IFR Payment Agreement, please refer to Frequently Asked Questions or visit the Office of the Comptroller of the Currency or the Board of Governors of the Federal Reserve System websites.