Federal Reserve Board releases orders related to the previously announced monetary sanctions against five banking organizations
Release Date: February 13, 2012
For immediate release
The Federal Reserve Board on Monday released the orders related to the previously announced monetary sanctions against five banking organizations for unsafe and unsound processes and practices in residential mortgage loan servicing and processing. The Board reached an agreement in principle with these organizations for monetary sanctions totaling $766.5 million on February 9, 2012.
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