The Office of the Comptroller of the Currency extended the timeline for submission of plans and foreclosure review engagement letters required in the April 13 consent orders against eight mortgage servicers.
The deadline was extended at the request of the Department of Justice to allow coordination of actions with other agencies at the state and federal level.
Deadlines were extended by 30 days for the following firms:
Bank of America (BAC: 10.92 +1.11%), Citibank (C: 39.19 +3.35%), HSBC (HBC: 50.31 +0.72%), JPMorgan Chase (JPM: 41.62 +1.39%), MetLife Bank (MET: 41.07 +0.39%), PNC (PNC: 59.34 +0.46%), U.S. Bancorp (USB: 24.34 +0.04%), and Wells Fargo (WFC: 26.93 +2.49%).
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