American Banker is reporting that Wells Fargo (WFC) and Citigroup (C) ‘halted’ most of their foreclosure sales in several states after evaluating the process against the backdrop of new guidance from the Office of the Comptroller of the Currency.

Reporters Jeff Horwitz and Kate Berry wrote that within two weeks of the OCC's release of new guidance on minimum standards for foreclosure sales, Wells, Citi and JPMorgan ‘all but stopped’ foreclosure sales.

Since then, JPMorgan has picked them back up again.

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