OTS Takes Action on Aurora Bank, EverBank, OneWest and Sovereign Bank
By Daniel Edstrom
DTC Systems, Inc.
The Office of Thrift Supervision is in on the action as well. Here is their press release from April 13, 2011:
Press Releases
April 13, 2011
OTS 11-008 – OTS Takes Action to Correct Foreclosure Deficiencies
FOR RELEASE:
Wednesday, April 13, 2010
CONTACT:
William Ruberry
(202) 906-6677
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Washington, D.C. — The Office of Thrift Supervision (OTS) has taken enforcement actions against four OTS-regulated mortgage loan servicers for critical weaknesses in processing home foreclosures, the OTS announced today.
After an interagency review of foreclosure policies and procedures at 14 nationwide mortgage servicers, the OTS issued enforcement orders against the four servicers supervised by the agency: Aurora Bank, EverBank, OneWest Bank and Sovereign Bank. The orders require swift and comprehensive action to remedy the widespread and significant deficiencies identified by the review.
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