Fines Urged For Law-Breaking Mortgage Servicers

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.”

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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