As Foreclosure Problems Persist, Fed Seeks More Fines

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In addition to probing the banks handling of foreclosure documents, Fed staffers. They can impose fines on the companies. Agencies also can take less drastic actions, such as crafting a plan with.

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As Foreclosure Problems Persist, Fed Seeks More Fines.. a senior Federal Reserve official recommended fines for these additional firms, raising questions about how deep foreclosure problems run.

Promontory can also draw on the experience in its ranks as it confronts the congressional inquiry into the foreclosure settlement. Under the auspices of the OCC and the Fed, 14 mortgage servicers.

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Last week, a senior Federal Reserve official recommended fines for these additional firms. including the eight cited by the Fed, to comb through foreclosure records and to rectify any problems. As.

Fed Fines 5 Big Banks $35 Million for Foreclosure, Mortgage-Servicing Issues.. in residential mortgage loan servicing and foreclosure processing." The Fed said the firms have made "substantial.

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Feds sanction mortgage servicers for foreclosure debacle. The Fed said sanctions in the form of fines will be included in addition to the corrective actions, but will be announced at a later.