Federal Reserve: “As of January 2017, the Independent Foreclosure Review (IFR) Payment Agreement has concluded. In 2013, fifteen mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing reached an agreement with the Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System to provide more than $9.3 billion in cash payments and other assistance to help borrowers. The sum included $3.6 billion in direct cash payments to borrowers covered by the agreement and $5.7 billion in other foreclosure prevention assistance, such as loan modifications and forgiveness of deficiency judgments. To be eligible for a payment, a borrower’s loan must have been serviced by one of the participating servicers and involved in a foreclosure action on the primary residence between January 1, 2009 and December 31, 2010…”