Regulators in the Pact with mortgage lenders of the Bank (Reuters)

WASHINGTON/CHARLOTTE, (Reuters) - the US bank regulators North Carolina announced pacts with major lenders home on allegations of practices of foreclosure of poor quality, of a probe led by States jump in advance, leaving the amount of the fines later.

Under the agreements announced Wednesday, banks will be offset borrowers who was seized on and revision of their mortgage loan operations, including the subject of an independent review of their seizures in 2009 and 2010.

The Office of the Comptroller of the currency, Federal Reserve and the Office of control of reached savings settlements with 14 of the largest U.S. financial institutions, including the Bank of America Corp., Wells Fargo & Co, JPMorgan Chase and Citigroup Inc..

"Our enforcement measures are designed to fix what is broken, to identify and compensate the borrowers who have suffered financial damage and ensure an orderly and equitable mortgage, maintenance of the process in the future," OCC acting Chief John Walsh said in a statement.

Federal regulatory agencies and state attorneys general are investigating the practices of mortgage bank who came in last year, including the use of "robo-signatories" to hundreds of foreclosure unread sign documents per day.

Lenders still face a probe by state attorneys general and other federal agencies, including the Ministry of Justice of the United States.

The partial settlement leaves in doubt, all of which costs facing the industry. It must also be dismissed resolving the legal uncertainty that tramples underfoot seized, keeping the broader housing recovery in limbo.

Some State Attorneys General, with some parts of the administration of Obama, pushed for the reduction of the principal of troubled mortgage loans and fines of about $ 20 billion.

First, all government agencies involved in the probes said they wanted to announce deals with services at the same time, so that there could be a conclusion to the process.

"The orders of execution issued today are important, but they are only a first step in establishing a framework for these institutions to address these gaps and identify owners aggrieved errors of the agent," said the Federal Deposit Insurance Corp.

The bank regulators said their probe concluded a series of problems, including services to file affidavits in court where an employee is supported for personal details to be true, when they are not.

Banks neither admitted nor denied the findings.

Under the agreement, the services would have to hire an outside consultant to review the foreclosure actions that took place between January 2009 and December 2010.

Lenders will have to provide a single point of contact for borrowers are involved in a foreclosure or loan modification program so that they have a direct line of the agent.

Services would be also prohibited so-called "double tracking", the practice from a foreclosure a loan modification is pending.

Guggenheim Marty Mosby securities Bank analyst, said that the external control of seizures was required to trace errors given the volume of seizures caused by the collapse of real estate and the financial crisis of 2007-2009.

"There is no way that you can overcome the mountain of what we had to cross without making mistakes, and I think that the cost of these errors can vary between banks, said Mosby."

JPMorgan Wednesday gave an overview at the beginning of the cost of cleaning up its practices of foreclosure. The Bank said that it would take a loss before taxes of $ 1.1 billion for maintenance costs increased mortgage.

Other donors funds and loan services who has signed agreements with their regulators were: the bank HSBC, MetLife Bank, financial Ally, PNC Bank, SunTrust, US Bancorp, Aurora, EverBank, OneWest Bank and sovereign Bank.

Decision of the regulators of the Bank to move forward with their own regulations drew criticism from consumer groups and some Democratic lawmakers.

Tuesday, democratic representative Elijah Cummings wrote to Walsh of OCC, asking him to postpone the finalization of consent agreements.

(Reported by Dave Clarke in Washington, Clare Baldwin in New York and Joe Rauch in Charlotte.) (Editing by Lisa Von Ahn and Tim Dobbyn)

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