The Securities and Exchange Commission said Goldman Sachs Group will be allowed to continue to issue securities after settling civil fraud charges earlier this month, according to a letter posted to its website on Monday. Goldman’s status as an eligible issuer was brought into question by an SEC lawsuit stemming from Goldman’s packaging and marketing of the Abacus 2007 collateralized debt obligation.
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The housing market is signaling there will be an economic recession by the 2020 election, according to Benn Steil, director of international economics at the Council on Foreign Relations.
Foreclosure activity sank in the third quarter of 2019, dropping to the lowest level in nearly 15 years, according to the latest report from ATTOM Data Solutions. Foreclosure activity in the third quarter fell 19% from a year ago to the lowest level since the second quarter of 2005, a 13-year low.