Fed Fines 5 Big Banks $35 Million for <b>Foreclosure</b>, Mortgage-Servicing Issues

The 10 firms had been slapped with enforcement actions in 2011 and 2012 for what the Fed said were "deficiencies in residential mortgage loan servicing and foreclosure processing." The Fed said the firms have made "substantial improvement" in their practices. Separately, the Fed penalized GoldmanĀ ...