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Financial institutions continue to face stiff penalties for home mortgage misconduct
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Monday, February 10, 2014
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The meter is still running on U.S. financial institutions found to be negligent in their handling of home mortgages and related securities before the housing crash.
Morgan Stanley and JP Morgan, who recently agreed to pay a combined $1.86 billion for their misconduct, are just the latest institutions to face stiff penalties for recklessly processing mortgage loans, Bloomberg has reported.
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