Items Tagged with 'Goldman Sachs'

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Goldman Sachs CEO defends prevalence of company execs in government

Lloyd Blankfein: We don't get special treatment
Goldman Sachs sees so many of its executives transition into roles within the federal government that the company is often derisively referred to as “Government Sachs.” But Goldman Sachs CEO Lloyd Blankfein doesn’t see the “revolving door” between the government and Goldman Sachs as a problem. In fact, he fully supports it and expects it to continue.
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Here's why Goldman Sachs is snatching up delinquent mortgages

Bank dominates Fannie Mae non-performing loan sales
Goldman Sachs’ purchase of a portfolio of non-performing loans from Fannie Mae earlier this week marked only the latest in a long string of purchases of severely delinquent home loans from the government-sponsored enterprise. The major purchase spree, however, is part of a larger plan for the mega bank. In particular, it deals with its $5 billion settlement announced last year.
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Fannie Mae selling another $1.68 billion in NPLs to Goldman Sachs subsidiary, private equity

9,400 non-performing loans sold out of Fannie Mae’s portfolio
In what is now a common occurrence, Fannie Mae announced Tuesday that it sold a large portfolio of non-performing loans to private equity funds, one of which is a subsidiary of Goldman Sachs. The sale, which was originally announced last month, consisted of 9,400 non-performing loans that carry an unpaid principal balance of $1.68 billion.
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Where does housing finance reform stand right now?

And here's what's stopping reform
Attendees at Goldman Sachs’ housing and consumer finance conference took a break from talks of regulatory change, alternative asset classes and raising capital funds for a low-key lunch served in the same room. As attendees unwound from the back-to-back panel sessions, they sat and listened to five experts try to unwrap the mess that is housing finance reform.
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Goldman Sachs conference answers 3 top housing questions

Wall Street firm gathers industry movers and shakers for answers
Despite housing not being a big topic of conversation during the election cycle, it’s made it way to the top of the pile in the Trump administration. So what does this mean for the industry? Panelists at Goldman Sachs’ annual housing and consumer finance housing conference in New York City answer three top questions.
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Goldman Sachs: Mortgage interest rates will rise to 5.5% by 2019

Current 30-year mortgage rate is approximately 4.15%
The most recent data from Freddie Mac shows that the average interest rate for a 30-year, fixed-rate mortgage is around 4.15%, but interest rates are going to increase by a significant margin over the next few years, analysts from Goldman Sachs said in a new report. Here are the details.
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Better Mortgage raises $15 million to fund expansion

Series B funding includes Goldman Sachs, Kleiner Perkins, Pine Brook
Since launching in roughly one year ago, online mortgage lender Better Mortgage funded more than $500 million in loans, and now the company plans to expand thanks to a $15 million round of funding. The company announced recently that it completed Series B funding from three investors, including Goldman Sachs, which is increasing its investment in the online lender.
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It's official: Steven Mnuchin sworn in as Treasury Secretary

Senate approves former OneWest exec for cabinet post in largely partisan vote
Despite all the bluster, attempted parliamentary maneuvering, and name-calling from the Democratic party, the Senate voted Monday evening to approve Steven Mnuchin to serve as the next Secretary of the Department of the Treasury. As expected, the Senate approved Mnuchin in a partisan vote of 53-47, with one Democrat, Sen. Joe Manchin, D-West Virginia, splitting from his party and voting with the Republican majority.
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Monday Morning Cup of Coffee: An "inside" look at Gary Cohn's role in Trump administration

New York papers run competing profiles of former Goldman Sachs exec
Two of New York's biggest newspapers happened to publish competing (and somewhat similar) articles over the weekend that delve into the growing role within the Trump administration of Gary Cohn, the White House National Economic Council Director and a former top executive at Goldman Sachs. So what is Cohn's role? The Wall Street Journal and the New York Times are happy to tell you more.
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3 reasons why Goldman Sachs is shifting its economic outlook

Trump Effect ends before it even began?
The Trump Effect surged across the country as the new president took office with plans of financial stimulus and lower regulation. However, just one month into the new administration, Goldman Sachs economists are losing hope. Here are three reasons why the company is shifting its predictions.
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