All four federal bank regulatory agencies are conducting targeted exams of foreclosure practices and policies involving on-site examinations and the sampling of loan files at depositories that control a large portion of the nation's $9.9 trillion in housing receivables.

The joint investigations being conducted by the Federal Deposit Insurance Corp., Federal Reserve, the Office of the Comptroller of the Currency, and Office of Thrift Supervision were revealed in prepared testimony from Fed governor Elizabeth Duke, who is scheduled to testify before a House subcommittee late Thursday morning.

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