Fed Releases Citi and HSBC Mortgage Servicing and Foreclosure Action Plans

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5/30/2012

Orrick, Herrington & Sutcliffe LLP Contact

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Explore: Citigroup Foreclosure HSBC Mortgages

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On May 24, the Fed released action plans for Citigroup and HSBC to correct alleged deficiencies in residential mortgage loan servicing and foreclosure processing. The Fed also released the engagement letter between Ally and the independent contractor retained to review foreclosures that were processed in 2009 and 2010. Fed Release.

Topics: Citigroup, Foreclosure, HSBC, Mortgages

Published In: Administrative Law Updates, Finance & Banking Updates, Residential Real Estate Updates

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