Fannie Mae-No Politics (FNMA)

[GVInvestments]

This is why the people of this country the hard working American family needs Fannie.

"The Fed announced Goldman Sachs was fined $14 million. Morgan Stanley received an $8 million penalty. CIT Group (which merged with OneWest) was fined $5.2 million. U.S. Bancorp received a $4.4 million fine and PNC was fined $3.5 million.

These financial institutions had yet to be penalized for mortgage servicing deficiencies, the Federal Reserve Board said in a statement. These additional penalties now bring the total amount of penalties issued in relation to mortgage servicing to $1.1 billion.

The other five banks that already paid penalties are Ally, Bank of America, HSBC, JPMorgan Chase and SunTrust Banks."

https://www.housingwire.com/articles/42277-fed-fines-another-5-banks-351-million-for-mortgage-servicing-and-foreclosure-infractions?utm_source=dlvr.it&utm_medium=twitter&utm_campaign=housingwire