The Federal Reserve said some mortgage borrowers who were insufficiently paid as part of a settlement will be sent supplemental checks next week.

The borrowers, whose home loans were serviced by Goldman Sachs Group Inc. and Morgan Stanley, will be sent an additional payment around May 17, the Fed said in a statement in Washington. They were sent erroneous payments as part of the Independent Foreclosure Review agreement, the Fed said, citing an announcement by Rust Consulting Inc., which processed payments.

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