The Office of the Comptroller of the Currency (OCC) has ordered seven of the nation's largest residential bank servicers to review their foreclosure processes in the wake of revelations by Ally Financial that it had cut corners when taking title to homes backed by delinquent mortgages.

The seven banks include: Bank of America, Citigroup, HSBC, JPMorgan Chase, PNC Bank, U.S. Bancorp, and Wells Fargo.

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