A group of Senators are meeting with federal regulators Friday to discuss making independent reviews of the banks' foreclosure files available to the public.
Sen. Robert Menendez (D-N.J.) and others on the Senate Banking Committee arranged meetings with the Office of the Comptroller of the Currency, the Federal Reserve and the Office of Thrift Supervision. As part of the agreements major mortgage servicers signed with these regulators, independent firms will be approved in June to conduct a more thorough review of foreclosure files.
For now, the reviews will not be made public.
Read on.
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