Government To Lenders: Reimburse Homeowners Or Else! (BAC, C, JPM, WFC)

The federal government has told several different mortgage lenders and servicers today that they must
reimburse homeowners
who were incorrectly foreclosed upon. The Federal Reserve, Office of Thrift Supervision and Office of the Comptroller of the Currency told Ally Financial Inc., Aurora Bank, Bank of America
BAC
, Citibank, Citigroup Inc.
C
, EverBank, HSBC
HBC
, JPMorgan Chase
JPM
, MetLife Bank
MET
, OneWest Bank, PNC
PNC
, Sovereign Bank
STD
, SunTrust Banks
STI
, U.S. Bank
USB
and Wells Fargo
WFC
. The service providers mentioned are Lender Processing Services and MERSCORP.
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