In April of this year, Federal regulators told Citibank, Bank of America, JPMorgan Chase, Wells Fargo and a dozen more mortgage lenders and servicers that they had 45 days to hire auditors showing how many people could have avoided foreclosure in 2009 and 2010. They were also told by to reimburse homeowners who lost their homes through the banks "incorrect" foreclosure methods.
On Monday, the Department of Justice asked Regulators to give the financial firms another 30 days to coordinate with state and federal agencies.
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