House Oversight Committee Deliberates Fines for Eight Firms Involved in Foreclosure Fraud

At House Oversight Committee meeting in Brooklyn, Suzanne G. Killian, a senior associate director of the Federal Reserve’s Division of Consumer and Community Affairs, cited  HSBC’s United States bank division, SunTrust Bank, MetLife, U.S. Bancorp, PNC Financial Services, EverBank, OneWest and Goldman Sachs for bad lending practices. More than 128,000 borrowers across the country about to lose their homes have requested a review, according to the Office of the Comptroller of the Currency. Read more in The New York Times.