
HSBC has joined the agreement in principle announced by the Federal Reserve Board and Office of the Comptroller of the Currency and will pay $249 million in cash payments and other assistance to help mortgage borrowers. The payments stemmed from enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing. For more info visit http://occ.gov/news-issuances/news-releases/2013/nr-ia-2013-13.html