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PNC Financial faces foreclosure-related probe

PNC Financial faces foreclosure-related probe

PNC Financial (PNC) has received a subpoena from theU.S. Attorney’s Office for the Southern District of New York, seeking information on foreclosure-related expenses that it incurred on loans insured or guaranteed by the  Federal Housing Administration, Fannie Mae andFreddie Mac.

According to an SEC filing, this inquiry is in its early stages, and PNC is fully cooperating with the investigation. 

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