Wednesday, December 5, 2012

Independent Foreclosure Review - Deadline Dec. 31st

Eligibility for Independent Foreclosure Review (IFR)
Borrowers are eligible for an independent foreclosure review if they meet the following criteria:
  • the property securing the loan was the borrower's primary residence;
  • the mortgage was in the foreclosure process (initiated, pending, or completed) at any time between January 1, 2009, and December 31, 2010; and
  • the mortgage was serviced by one of the following mortgage servicers:
America's Servicing Company Countrywide National City Mortgage
Aurora Loan Services EMC Mortgage Corporation PNC Mortgage
BAC Home Loans Servicing EverBank/EverHome Mortgage Company Sovereign Bank
Bank of America Financial Freedom SunTrust Mortgage
Beneficial GMAC Mortgage U.S. Bank
Chase HFC Wachovia Mortgage
Citibank HSBC Washington Mutual (WaMu)
CitiFinancial IndyMac Mortgage Services Wells Fargo Bank, N.A.
CitiMortgage MetLife Bank Wilshire Credit Corporation
If you previously filed a complaint with these servicers about foreclosures pending during the review period, you may still seek an independent review of your foreclosure.
There are no costs associated with being included in the review; the review is a free program. Beware of anyone who wants payment to assist you in connection with the independent foreclosure review or any other foreclosure assistance program.

Review Process

Information about the review process, including how to request an independent review, was mailed to potentially eligible borrowers in November and December 2011. If you believe that you meet the three criteria but have not received a mailing, call 888-952-9105, Monday through Friday from 8 a.m. to 10 p.m. (ET), and Saturday from 8 a.m. to 5 p.m. (ET). Individuals can also get more information about the review through a website set up by the servicers, Leaving the Board. A list of Frequently Asked Questions and Answers are available on the website.
Individuals will be sent an acknowledgement letter from the review administrator within one week after their request for an independent review is received. Individuals will be notified in writing of the results of the review. Because the review process will be a thorough and complete examination of many details and documents, it could take several months to complete the review.
Rust Consulting was selected and hired by the servicers to serve as the central administrator of the independent foreclosure review. Rust Consulting will notify borrowers, receive requests for a review, and respond to questions about the independent foreclosure review process.

Deadline to Request a Review

Requests for review by the servicers’ independent consultants must be postmarked or submitted online by December 31, 2012.1 Borrowers are encouraged to carefully consider the information about the review program to determine if they are eligible to participate.

Federal Reserve’s Role

The Federal Reserve’s role is to ensure compliance with the enforcement actions issued in April 2011. As required by those actions, independent consultants will conduct the reviews of foreclosures and determine whether errors, misrepresentations, or other deficiencies resulted in financial injury. The Federal Reserve will monitor the independent foreclosure review process and the servicer’s outreach efforts.

For More Info, Call Rainbow PUSH at 404 525 5663 or visit

Independent Foreclosure Review Deadline is December 31st

If you have been in or near foreclosure during 2009 or 2010, you owe it to yourself to check out Independent Foreclosure Review.  We have mentioned this process before.  Mortgage servicers have been ordered to participate in a program of the Comptroller of the Currency to assure that foreclosures were done legally.  Where errors and mistakes occur, restitution can be made under Independent Foreclosure Review.  For more information on IFR, visit or call 404 525 5663.  Deadline for applying is December 31, 2012.  The deadline has been extended several times over the past year, but don't wait.  Apply today.  To make application, visit  Independent Foreclosure Review is free - don't get scammed by someone who tries to charge you a fee.

Sunday, December 2, 2012

Requiem for 100 Auburn Avenue

I am fairly emotionless. Well, that’s not exactly true. But I tend to express emotion on paper better than face-to-face. Wednesday was the Rainbow PUSH Coalition’s last day at Atlanta Life, aka Herndon Plaza, aka 100 Auburn Avenue. We are not going far away. We have taken a suite at the Odd Fellows Building at 250 Auburn Avenue, just two blocks down the street. But this has been home for nearly 13 years, and I will miss it.

We negotiated an inclusion pact with NASCAR in the sumptuous boardroom upstairs. I worked out a deal on behalf of mistreated Nationwide agents down in the cafeteria. And used the same room to tell John Deere officials that “we can make excuses, or we can make progress” toward its first black franchisee. We did not always win. Atlanta Life was scene of more than a few high profile losses. After Troy Davis’ execution, we vowed to keep fighting the death penalty. RPC tried (and failed) to explain why the charter school amendment was a bad idea and the TSPLOST was a good idea.

I never walked through the atrium without being inspired by the artistic genius of Wardsworth Jarrell or the entrepreneurial mendacity of Alonzo Herndon. Rev. Jackson urged Colin Powell to intervene in Haiti from the phone on my desk. But, it was not all business. We celebrated my daughter’s college graduation here, and last week I called her from here to check on my first grand-child. A building is only bricks and mortar. It’s the principles that matter long after the last crate is loaded onto the moving van. That is what I am going to keep telling myself today and in the days and weeks ahead.
Janice L. Mathis