Chicago, IL (Wednesday December 5, 2012) —
Independent Foreclosure Review
Your Mortgage Company May Owe You Money!
Did you lose your home to between January 1, 2009 and December 31, 2010? Former
homeowners may be entitled to restitution from their mortgage servicing company, if
they apply for relief by December 31, 2012.
What is a mortgage servicing company? The term refers to the folks who collected the
mortgage payment, distributed escrow payments and sent out delinquency notices.
For most Americans with single family home loans, the servicer was Bank of America,
CitiBank, Wells Fargo or Chase.
The Office of Comptroller of the Currency is currently requiring an independent review
of those mortgages that went under during 2009 and 2010. This independent review is
one of the very few programs that can pay restitution to borrowers who lost their
If you were foreclosed in 2009 or 2010, watch your mail for notice of your eligibility for
IFR, or Independent Foreclosure Review. If you doubt that the paper work was properly
executed, or if you doubt that your servicer had the documents in the file to prove your
debt, or if your foreclosure paperwork was robo-signed, you should contact your former
mortgage servicing company and request IFR. The list of participating mortgage-
servicing companies includes:
• America’s Servicing Co. • Aurora Loan Services • BAC Home Loans Servicing
• Bank of America • Beneficial • Chase • Citibank • CitiFinancial • CitiMortgage
• Countrywide • EMC • EverBank/EverHome Mortgage Company • Financial
Freedom • GMAC Mortgage • HFC • HSBC • IndyMac Mortgage Services • MetLife
Bank • National City Mortgage • PNC Mortgage • Sovereign Bank • SunTrust
Mortgage • U.S. Bank • Wachovia Mortgage • Washington Mutual (WaMu) • Wells
Fargo Bank, N.A. • Wilshire Credit Corporation
IFR is not a comprehensive remedy for mortgage foreclosure, but it is another piece
of an intricate, complex puzzle of institutional responses that offers homeowners
some relief. The Rainbow PUSH Coalition, Citizenship Education Fund and our 1000
churches initiative are hosting events with clergy and the faith based community in 30
markets across the country to spread the word. To learn more about IFR, visit
or call the Rainbow PUSH Coalition at 773-373-3366. Again, homeowners must apply
for relief by December 31, 2012.
The Rainbow PUSH Coalition is a progressive organization protecting, defending
and expanding civil rights to improve economic and educational opportunity. The
organization is headquartered at 930 E. 50th St. in Chicago. For more information
about the Rainbow PUSH Coalition, please visit http://www.rainbowpush.org or call (773)
Rainbow PUSH Coalition–Keeping Hope Alive