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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: May 23, 2012

For immediate release

The Federal Reserve Board on Wednesday announced the availability of a new video that explains how borrowers who believe they were financially harmed during the mortgage foreclosure process in 2009 and 2010 can apply for a free, independent foreclosure file review.

Both English and Spanish versions of the video are available for viewing on the Federal Reserve Board's website and on YouTube Leaving the Board.

The brief announcement reminds borrowers that, as part of the enforcement actions taken in April 2011 by federal banking regulatory agencies, they may be eligible to receive compensation if the independent review finds evidence of direct financial injury due to servicer error. Borrowers are eligible for a review if their primary residence was in the foreclosure process in 2009 or 2010 and their mortgage loan servicer is participating in the Independent Foreclosure Review. The list of participating servicers can be found at: Leaving the Board or at

The deadline to request a foreclosure review is July 31, 2012. For more information, borrowers may call 888-952-9105 or visit Leaving the Board.

For media inquiries, call 202-452-2955.

Last update: May 23, 2012