WASHINGTON — The Federal Reserve said Monday that it plans to fine eight additional U.S. bank holding companies for improperly foreclosing on homeowners.
The firms — EverBank, Goldman Sachs Group Inc., HSBC Holdings PLC, PNC Financial Services Group Inc., MetLife Inc., OneWest Bank, SunTrust Banks Inc., and U.S. Bancorp — were not part of last month's settlement over alleged foreclosure abuses.
The nation's five biggest lenders — Bank of America Corp., Wells Fargo & Co., JPMorgan Chase & Co., Citigroup Inc., and Ally Financial Inc. — agreed last month to a $25 billion settlement with state and federal government agencies last month after a 16-month probe. They are to reduce mortgages for about 1 million homeowners and to pay into a fund that will send $2,000 to 750,000 homeowners who were improperly foreclosed upon.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.