Senate banking committee passes massive regulatory relief bill

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance

Existing home sales crater in April, falling 3.3%

Spring buying stalls out after strong March performance

It's official: NYDFS Superintendent Ben Lawsky stepping down

4 years as leader of “long reach” New York financial regulator
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Items Tagged with 'Goldman Sachs'

ARTICLES

Goldman Sachs faces $120M mortgage securities lawsuit

New York Court of Appeals revives suit
The New York Court of Appeals revived a bond insurer’s $120 million lawsuit claiming Goldman Sachs Group lied about a pool of securities backed by subprime mortgages during the period leading up to the financial crisis.
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From HW Magazine

Inside Goldman Sachs

Housing conference looks at what mortgage companies will need to survive in the future
Brena Swanson
“Nearly every part of the real estate process has been transformed by technology except for home financing. Getting a mortgage is still manual, frustrating and confusing,” said Nick Stamos, CEO and founder of Sindeo.
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Homeownership rate falls to lowest since 1993

Economists question whether tumble will continue or has bottomed out
Trey Garrison
The homeownership rate continued its multi-year slide, falling to a rate not seen since 1993. Are we near the bottom and there’s nowhere to go but up, or does the slide continue? Let’s find out.
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Goldman Sachs just had its best quarter in 4 years

Reports 1st quarter net revenue of $10.62 billion
Ben Lane
Business appears to be booming at Goldman Sachs. The investment banking, securities and investment management giant reported net revenue of $10.62 billion in the first quarter, its best quarterly performance in four years.
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Monday Morning Cup of Coffee: Let the good times roll (because they won’t last)

Weakness in energy sector, dollar will slam on the brakes
You now the joke about the guy with the positive attitude who falls off the tall building and on the way down at every window he can be heard saying “So far so good, so far so good…”? Yeah, that may be the economic outlook. Read on.
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ACA wants NY Supreme Court to reinstate Abacus lawsuit

Seeking $120M from Goldman Sachs over alleged fraud
Trey Garrison
ACA Financial Guaranty wants the supreme court in New York state to reinstate its lawsuit against Goldman Sachs over the Abacus CDO.
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Redwood Trust: 4 optimistic opportunities ahead for mortgage REITs

Experts weigh in on mREITS at Goldman Sachs Housing Finance Conference
Brena Swanson
While the overall consensus leaned toward a less-than-thriller year for mortgage real estate investment trusts, one expert at the Goldman Sachs Housing Finance Conference was optimistic about the future of mREITs.
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Here's why the loanDepot CEO loves the CFPB

Regulatory environment huge barrier to entry
Brena Swanson
If mortgage lenders started their business in today's lending environment, they would come to find a completely different set of standards and regulations. Could they handle starting out today? Anthony Hsieh doesn't think so.
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Housing’s critical problems are “intrinsic to the GSE charters”

Private capital at the center of reform
Brena Swanson
Michael Stegman, counselor to the secretary for housing finance policy with the Treasury, said at the Goldman Sachs Housing Finance Conference Thursday morning, that the current status quo is unsustainable and taxpayers are still on the hook.
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Morgan Stanley, Goldman Sachs nearing U.S. mortgage resolutions

Settles bonds dating back to the financial crisis
Brena Swanson
Morgan Stanley and Goldman Sachs Group are finally getting closer to resolving claims that the two firms misled investors in mortgage bonds during the financial crisis.
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