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News Link • Federal Reserve

Fed Targets Eight More Firms in Foreclosure Probe

• New York Times
Federal regulators are poised to crack down on eight financial firms that are not part of the recent government settlement over home foreclosure practices involving sloppy, inaccurate or forged documents. 
 
Last week, a senior Federal Reserve official recommended fines for these additional financial institutions, raising questions about how deep foreclosure problems run through the banking industry. 

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