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

WASHINGTON—The Federal Reserve fined five big banks $35.1 million for issues related to financial-crisis-era mortgage servicing and foreclosures, while also moving them out of the penalty box for what it said was a “substantial improvement” in their practices. The fines relate to deficiencies regulators ...