Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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Items Tagged with 'Goldman Sachs'

ARTICLES

Guess how many bank CEOs made Glassdoor’s list of the highest rated CEOs?

Here's a hint…not many
Ben Lane
For those who don’t know, Glassdoor is a website where a company’s employees (and former employees) can leave anonymous reviews of the company and tell other employees (or prospective employees) what it’s really like to work there. So how many bank CEOs made the top 50 in Glassdoor’s 2015 list of the highest rated CEOs? Not very many as it turns out.
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Goldman Sachs in talks to settle mortgage probe for $2-$3B

Bloomberg: Deal could come within weeks
Trey Garrison
Media reports say that Goldman Sachs is in talks to pay between $2-$3 billion to settle the federal government’s investigation into the sale of mortgage bonds in the run up to the housing and financial crisis. Want to know more?
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Goldman Sachs: Expect interest rates to rise in September

Mortgages not getting any cheaper for homeowners
Jacob Gaffney
However, in an email authored by Chief Economist Jan Hatzius, this forecast for rising interest rates to begin in September remains “a close call.”
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From HW Magazine

Low-hanging fruit

Small doc management companies make tempting M&A targets
Brena Swanson
Every day, a new crop of technology companies works to develop solutions to solve something inefficient in the housing industry. And every day, they have to look over their shoulders.
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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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