Sentence examples for internal foreclosure from inspiring English sources

Bank of America officials said their internal foreclosure procedures had changed in the wake of public criticism, and that the centers were being opened partly in response to customer feedback.

Record home foreclosures.

Home foreclosures are up sharply.

Based on the review, U.S. Bancorp expects regulators will "require" the lender to improve its internal oversight of foreclosure practices and the way it handles delinquent mortgages, the bank said.

Neiman is requiring that more than 20 mortgage servicers registered to do business in New York conduct internal reviews of their foreclosure practices and suspend foreclosure actions until that review is completed.

"We are looking intensively at the firms' policies, procedures and internal controls related to foreclosures and seeking to determine whether systematic weaknesses are leading to improper foreclosures," Mr. Bernanke said in remarks that echoed those made last week by several administration officials.

Their home is in foreclosure.

Representative Edolphus Towns, the New York Democrat who is chairman of the House Committee on Oversight and Government Reform, called on lenders to voluntarily suspend foreclosures until they completed internal investigations.

Liu called on the directors of Bank of America, Citigroup, JPMorgan Chase and Wells Fargo to set up independent reviews of the internal controls at each institution governing its foreclosure practices.

Last month, Citigroup also said that it had suspended more than 1,200 pending foreclosures involving Associates customers after an internal review found "serious enough problems in the way the loan was originated".

The news, also reported by Tampa Bay Online, comes as Bank of America, the nation's largest bank by assets, announcement that it would resume more than 100,000 foreclosures in 23 states after an internal investigation of its practices.