Fines Urged For Law-Breaking Mortgage Servicers

Sara Bloom Raskin, a governor the Federal Reserve, said the central bank should impose penalties on mortgage servicers for “deficiencies that resulted in unsafe and unsound practices or violations of federal law.”

  • 09 Jan 2012
Sara Bloom Raskin, a governor the Federal Reserve, said the central bank should impose penalties on mortgage servicers for “deficiencies that resulted in unsafe and unsound practices or violations of federal law.” Raskin said in a speech that the fines would “incentivize mortgage servicers to incorporate strong programs ...

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1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

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1 Citi 98,544.62 277 13.26%
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3 Wells Fargo Securities 70,282.48 216 9.45%
4 JPMorgan 51,967.93 167 6.99%
5 Credit Suisse 41,545.25 126 5.59%