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View Full Version : US Audit Cites OCC Lapses in Oversight of Foreclosure Process - Bloomberg



NewsWhore
06-01-2012, 01:40 PM
US Audit Cites OCC Lapses in Oversight of Foreclosure Process (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEQpnWIAqn8TVIIz8rrcLcXrA5Gow&url=http://www.bloomberg.com/news/2012-06-01/u-s-audit-cites-occ-lapses-in-oversight-of-foreclosure-process.html)
Bloomberg
The Office of the Comptroller of the Currency underestimated the risks in bank foreclosure practices from 2008 to 2010 and gave examiners a 13-year-old handbook that didn't address how securitization affects loan documentation, a Treasury Department ...

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