Citibank Slapped With $30 Million Fine For Leaving Hundreds Of REO Properties Vacant Past The 5-Year Limit Federal banking regulators have slapped Citibank with a $30 million fine. An investigation found that the bank was not selling foreclosed homes back into the market fast enough. The Office of the Comptroller of the Currency announced it […]
Citigroup Fined $8.6 Million By Federal Reserve For Robo-Signing Related Issues The Federal Reserve leveled an $8.6 million fine against CitiGroup on Friday. The Federal Reserve stated the fine was due to the “deficient execution and notarization of certain mortgage affidavits. The issue stems from Citigroup’s exit from the mortgage servicing business back in 2017. The […]
Wells Fargo, Chase, U.S. Bank still fail mortgage servicing tests E. SCOTT RECKARD, LA Times Four years after pledging to clean up wide-ranging foreclosure abuses, Wells Fargo & Co., JPMorgan Chase & Co. and four other banks still aren’t complying with customer-service standards imposed by a federal regulator. The Office of the Comptroller of the […]
OCC & NYDFS Investigations Into Sterling National Bank’s Shenanigans Worry Customers and Share Holders MFI-Miami has learned that shareholders and deposit holders at Hudson Valley Bank are having grave concerns about the bank’s merger with Sterling National Bank. Sterling is now under investigation by both the OCC and the NYDFS. Sterling and Hudson Valley Bank agreed […]
The Sterling National Bank Complaint And New Investigations By The FDIC & NYDFS Could Shatter Merger With Hudson Valley Bank Last week, I wrote about how a Sterling National Bank complaint has led the FDIC and the U.S. Treasury’s Office of the Comptroller of the Currency (OCC) to launch investigations into the treatment of Sterling […]
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