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 (FRB), the Independent Foreclosure Review
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 January 2013, agreements between 13 mortgage servicers and federal banking
regulators were reached that ended the Independent Foreclosure Review for those
participating servicers. In the summer of 2013, GMAC Mortgage and EverBank also
reached agreements with the federal banking regulators that ended the Independent
Foreclosure Review for those servicers. The Agreement will result in all of the
eligible borrowers for those servicers receiving a payment under the Agreement.
The Agreement includes the following servicers and their affiliated mortgage companies.
Click on the servicer name for more information:
ATTENTION: Federal banking regulators
have directed the Paying Agent to complete an additional mailing of replacement
checks to all borrowers who have not yet cashed their checks. These replacement
checks are expected to be mailed by the end of February
2015 for borrowers of all servicers except GMAC Mortgage and EverBank/EverHome.
Replacement checks for GMAC Mortgage borrowers are expected to mail by May 2015.
Borrowers who had a mortgage loan with EverBank/EverHome should contact the Paying
Agent, Epiq Systems at 1-877-819-9754.
For a limited time, borrowers who have not yet cashed their checks will also continue
to be able to request a reissue of their payment. If you require a check to be reissued,
a change of payee, or separate checks for each payee, you must contact the Paying
Agent at 1-888-952-9105. Borrowers who had a mortgage loan with EverBank/EverHome
should contact the Paying Agent, Epiq Systems at 1-877-819-9754.
For the servicers listed below that are not participating
in the Independent Foreclosure Review Payment Agreement, the Independent Foreclosure
Review process continued. Click on the servicer name for more information:
Para información en español, haga clic en el nombre de su
administrador de servicios hipotecarios de la lista arriba.
THE INDEPENDENT FORECLOSURE REVIEW IS FREE.
Watch out for scams—there is only one Independent Foreclosure Review.
Beware of anyone who asks you to pay a fee for any foreclosure review service
or to receive a payment under the Agreement.