Items Tagged with 'Goldman Sachs'

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Experts revise GDP rates, in different directions

But they agree on one thing: The Fed will raise rates this year
Experts disagree on the impact that the Brexit will have on U.S. GDP growth, with Capital Economics predicting a rebound in growth while Goldman Sachs revised their prediction down slightly. The one thing they can agree on? The Fed will still raise rates this year.
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Commercial real estate prices hit historical peak

Regulators concerned about imbalances
Rapidly rising prices in the commercial real estate market concerns some regulators, bringing some to claim the low interest rates could lead to unsustainable gains. Goldman Sachs breaks down the CRE market and compares it to residential.
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Goldman Sachs: Jobs number is an outlier

Stop panicking
Whereas the jobs report was incredibly lower than anyone expected, Goldman Sachs pointed out that this month could be an outlier since it does not follow the trend of the past several months. Stifel Economics agreed, stating, “One data point does not make a trend.”
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Goldman Sachs subsidiary continues snapping up non-performing loans from GSEs

MTGLQ Investors buys fourth pool of NPLs in 2016
For the fourth time in 2016, and the second time in a week, MTGLQ Investors, L.P., a "significant subsidiary" of Goldman Sachs, is the winning bidder for a pool of non-performing loans from one of the government-sponsored enterprises, increasing its total amount of loans bought from Fannie Mae and Freddie Mac beyond $2 billion.
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FDIC wins $190M settlement for toxic Countrywide mortgage bonds

Settlement stems from failure of five banks
The ghosts of Countrywide past just struck again, as the Federal Deposit Insurance Corporation announced Thursday that eight major financial institutions will pay $190 million total to settle a series of lawsuits tied to toxic Countrywide mortgage bonds that subsequently led to the failure of five banks during the housing crisis.
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Goldman Sachs subsidiary just bought more non-performing loans from Fannie Mae

Fannie also announces sale of smaller NPL pool to non-profit
For the third time in 2016, MTGLQ Investors, L.P., a "significant subsidiary" of Goldman Sachs is the winning bidder for a pool of non-performing loans from Fannie Mae. With this latest NPL purchase, MTGLQ Investors officially purchased more than $2.2 billion in non-performing loans from Fannie Mae this year.
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New York to provide $100 million in zero-interest loans to prevent foreclosures

Using Goldman Sachs fine to fund expansion of Mortgage Assistance Program
Homeowners in the state of New York who are struggling to keep their homes from falling into foreclosure are about to get a lifeline – $100 million in zero-interest loans from the state of New York. It's all thanks to Goldman Sachs and its $5 billion toxic mortgage settlement.
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