Regulators have identified how borrowers may have been harmed by a multitude of foreclosure errors, but they are largely leaving it to the servicers and their consultants to figure out how to fix it.

While the regulators will ultimately approve any remediation plan as part of the independent foreclosure review, they have encouraged the independent consultants to work with the 14 servicers to come up with a template for remediation.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.