The Federal Reserve Board has fined five banking organizations civil money penalties totaling $35.1 million over mortgage-servicing deficiencies. The board announced the fines along with the termination of enforcement actions it issued in 2011 and 2012 over residential mortgage-loan servicing and foreclosure-processing issues. The actions were against 10 banking organizations, including the five that were fined. The Fed levied $14 million against Goldman Sachs Group; $8 million against Morgan Stanley; $5.2 million against CIT Group, as successor to IMB HoldCo; $4.4 million against US Bancorp; and $3.5 million against PNC Financial Services Group. With the fines previously assessed against other companies under mortgage-servicing enforcement actions, the board has now assessed total mortgage servicing-related penalties of about $1.1 billion against firms it supervises.