Goldman Sachs faces unspecified monetary penalties in an enforcement action by the Federal Reserve Board to address "a pattern of misconduct and negligence" in mortgage servicing.

he Fed ordered Goldman to retain an independent consultant to review foreclosures initiated by one of its units, Litton Loan Servicing, and pending in 2009 and 2010. The purpose of the review is to compensate borrowers who suffered financial injury from wrongful foreclosures, the Fed said yesterday.