As Foreclosure Problems Persist, Fed Seeks More Fines

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Fed Fines 5 big banks Million for Foreclosure, Mortgage-Servicing Issues Fines relate to deficiencies seen by regulators in the wake of the 2008-09 financial crisis

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 date.. Feds sanction mortgage servicers for foreclosure.

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 · More than three years later, Benavides was told that he still owed $115,000 on the house he no longer owns.. In November, more than three years after the foreclosure.

While regulators had transparency and financial security in mind when introducing more stringent requirements for. Those risks can lead to far bigger problems for a bank, including fines,

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