FILE PHOTO: The Federal Reserve headquarters in Washington September 16 2015. REUTERS/Kevin Lamarque/File Photo

WASHINGTON (Reuters) - The Federal Reserve fined five large U.S. banks a combined $35.1 million to settle cases of mortgage servicing flaws dating back to 2011.

The central bank announced the fines against Goldman Sachs GS.N, Morgan Stanley MS.N, CIT Group CIT.N, U.S. Bancorp USB.N, and PNC Financial PNC.N as part of a broader effort to terminate enforcement actions begun in 2011 and 2012 against large banks for mortgage servicing shortcomings.

Ally Financial ALLY.N, Bank of America BAC.N, HSBC North America Holdings, JPMorgan Chase JPM.N and SunTrust Banks STI.N had already paid penalties for similar issues. All 10 banks had enforcement actions under the Fed ended on Friday, as the regulator cited "sustainable improvements" in their servicing practices.

Goldman is set to pay the largest fine of the five announced today, totaling $14 million. Morgan Stanley agreed to pay $8 million, CIT will pay $5.2 million, U.S. Bancorp will pay $4.4 million, and PNC will pay $3.5 million.

All told, the Fed said it had assessed $1.1 billion in fines against 14 banks for mortgage servicing shortcomings, which became widely known in the wake of the 2007-2009 financial crisis as more homeowners struggled to stay current on their loans.

At the same time, the Fed announced it was terminating enforcement actions against a pair of mortgage servicers. Lender Processing Services, Inc., succeeded by ServiceLink Holdings LLC, and MERSCORP Holdings, Inc., formerly known as MERSCORP, Inc., both faced enforcement actions from financial regulators for issues tied to foreclosure-related services.

In a separate enforcement action, the Fed announced it had fined Goldman Sachs $90,000 for violations tied to the National Flood Insurance Act.