04-02-2012, 09:06 AM
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#11
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Person who doesn't update the user title
Join Date: Jun 2010
Location: Bottom lands of the Missoula floods
Posts: 6,402
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NY Times
By JESSICA SILVER-GREENBERG
Published: April 1, 2012
As Foreclosure Problems Persist, Fed Seeks More Fines
Quote:
Federal regulators are poised to crack down on
eight financial firms that are not part of the recent
government settlement over home foreclosure practices
involving sloppy, inaccurate or forged documents.
Last week, a senior Federal Reserve official recommended fines for these additional firms,
raising questions about how deep foreclosure problems run through the banking industry.
<snip>
The eight firms cited by the Federal Reserve
— HSBC’s United States bank division, SunTrust Bank, MetLife, U.S. Bancorp,
PNC Financial Services, EverBank, OneWest and Goldman Sachs
— should be fined for “unsafe and unsound practices in their loan servicing and foreclosure processing,”
Suzanne G. Killian, a senior associate director of the Federal Reserve’s
Division of Consumer and Community Affairs, told lawmakers last month
in a House Oversight Committee hearing in Brooklyn.
<snip>
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