Regulators ask banks to review foreclosure acts | Reuters

Regulators ask banks to review foreclosure acts | Reuters: "The agency made this move after Ally revealed that officials had signed thousands of affidavits supporting such foreclosures without having personal knowledge of the borrower's situation.

'Once we get the reports from our servicers then we will do our own review,' Mukri said.

There is no specific timetable for when banks have to report back to OCC but Mukri said regulators are 'taking a very keen interest in this' and have made it a priority.

The banks contacted include Bank of America, JPMorgan, Citibank, HSBC, MetLife, PNC, US Bancorp and Wells Fargo."