Where There’s “Foreclosure Abuse” Smoke, There’s “Foreclosure Abuse” Fire

By Laura Grace, Research Assistant to Professor Michaela White, Creighton University School of Law, Omaha, NE

In 2011, ProPublica, a non-profit investigative journalism newsroom, started looking into the Office of the Comptroller of Currency’s (OCC) foreclosure review process. ProPublica smelled the smoke that lead to Yves Smith’s investigative report on the shut-down of the review process and the multi-billion dollar settlement of claims against many of the largest mortgage servicing companies.

The OCC, as part of a consent order with federal bank . . .

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