Fraudclosure | Large US Banks Submit Plans To “Fix” Foreclosure Operations

“The OCC will now review the banks’ action plans, which will remain confidential”

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Large US Banks Submit Plans To Fix Foreclosure Operations

WASHINGTON -(Dow Jones)- The largest U.S. banks have submitted plans to fix their troubled mortgage-servicing operations, responding to orders issued in April, a bank regulator said Wednesday.

The Office of the Comptroller of the Currency, which regulates national banks, said eight institutions–including Bank of America Corp. (BAC), J.P. Morgan Chase & Co. (JPM), Wells Fargo & Co. (WFC) and Citigroup Inc. (C).–have met a July 13 deadline for submitting detailed plans. The OCC will now review the banks’ action plans, which will remain confidential, a spokesman said.

The four big banks, along with 10 other home-loan servicers, have been under investigation by federal regulators and state officials over breakdowns in procedures for handling foreclosures and requests for loan assistance.

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Comments
5 Responses to “Fraudclosure | Large US Banks Submit Plans To “Fix” Foreclosure Operations”
  1. Jason Werner says:

    All the plans of the banks are lies, fraud, and terrorism.

    “He that observeth the wind shall not sow; and he that regardeth the clouds shall not reap.”
    Ecclesiastes 11:4

    The criminal banbs’ talk is cheap; don’t believe any of their chatter.

  2. AliceN.Wunderland says:

    There are no loans. They keep talking about ‘modifying’ and they can’t ‘modify’ something that does not exist. We have to keep emphasizing this point. There are NO LOANS to MODIFY.

    • Alice….They know there are no loans to modify…they thinks we are millions who have no brains….everything is out in plain site for all to see that they have been caught red handed. All these different ways they keep coming up with are the stall tactics because they know we are not backing down to no BS…..we are going forward. They are running out of ways and ideas to ‘ fix ‘ their fraud…no fraud can be fixed…it’s done as they planned and it blew up in their face….and knocked the mask off. Greed has driven them to trip themselves….now we push them into their own fires of hell. We may be middleclass people…but that is higher than they will be when this is all over.

  3. lvent says:

    THESE FOREIGN OWNED AND OPERATED MULTINATIONAL BANKS COMMITTED MASSIVE SECURTIES FRAUD IN THE NAMES OF THE AMERICAN PEOPLE. THE US GOVERNMENT MUST FORCE THEM TO RESCIND THE FRAUDULENT UNSECURE LOANS AND STOP OBSTRUCTING JUSTICE. THERE IS NO WAY TO FIX THIS. THEY SOLD UNSECURE DEBTS AS SECURITIES,. NOTHING CHANGES THAT FACT.

  4. citizenaware says:

    confidential well OF COURSE!!! More trickery up the sleeves of the fraudsters. Hope this will show the real deal somehow but truly doubt it… once a liar always a liar thief and so on. Dealing with the devil here.

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