Federal regulators issue sanctions - no fines - against eight bank mortgage servicers and two...

|By:, SA News Editor

Federal regulators issue sanctions - no fines - against eight bank mortgage servicers and two third-party service providers for "unsafe and unsound practices" in residential mortgage loan servicing and foreclosure processing. The banks: BAC, C, HBC, JPM, MET, PNC, USB, WFC. Service providers: LPS (LPS -4.7%), MERS.