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Inside Washington (06/11/2012)
  • WASHINGTON (6/12/12)--Allonhill LLC, one of the consultants hired to determine the extent of foreclosure abuses, was released Friday by Office of the Comptroller of the Currency (OCC), which said the firm had a conflict of interest. The Denver-based consulting firm was the primary independent consultant for Aurora Bank FSB, and had also reviewed Wells Fargo loan files as a subcontractor for Promontory Financial Group, OCC said. Allonhill 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. In April, OCC, the Federal Reserve, and the Office of Thrift Supervision announced enforcement actions against 14 large residential mortgage servicers and two third-party vendors for unsafe and unsound practices related to residential mortgage servicing and foreclosure processing …


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