Allonhill LLC , a consultant hired
for a regulator-required review of whether borrowers were cheated by U.S.
mortgage servicers, was fired from the job today by the Office of the
Comptroller of the Currency, saying the firm had a conflict of interest.
Denver-based Allonhill was working
for Aurora Bank FSB, based in Wilmington, Delaware, and as a subcontractor
working with Promontory Financial Group LLC for Wells
Fargo & Co. (WFC), after a settlement required the mortgage servicers
to have their foreclosures reviewed, the OCC said in a statement today.
Allonhill self-reported that it had made prior reviews “of loans that are part
of the same pool of loans” in the current review, the OCC said.
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