Many of the nation's largest residential servicers — the subject of an intense federal audit that commenced last fall — have signed consent agreements to take corrective actions with regard to the processing of foreclosures and loan modifications, according to sources familiar with the matter.

Although no names were mentioned, the nation's "big four" servicers — Bank of America, Wells Fargo, JPMorgan Chase and Citigroup — control 60% of the receivables in the servicing market. The consent agreements were signed on Wednesday, according to a Washington official familiar with the matter, but he noted that any enforcement actions will not be finalized until next week.

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