Items Tagged with 'Goldman Sachs'

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  • Monday Morning Cup of Coffee: Goldman Sachs teases big move into mortgages

    Marcus for mortgages? Maybe
    Once a big player in mortgage lending, Goldman Sachs’ footprint in housing finance has gotten significantly smaller since the financial crisis…but that could be about to change. Is Marcus for mortgages coming soon? It appears that's something the megabank is considering. That, and more, in your Monday Morning Cup of Coffee.
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  • Lenders: Goldman Sachs, Zillow entering fix-and-flip market is a good thing

    “A rising tide lifts all boats”
    Over the last few years, the market for financing fix-and-flip projects and single-family rentals has grown significantly. In just the last year or so, massive players like Goldman Sachs, Zillow, Redfin, and others have entered those markets. And one might think that current operators in the fix-and-flip market would view those big companies entering the market as a bad thing, but that’s not the truth.
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  • Monday Morning Cup of Coffee: Goldman Sachs buys startup Clarity Money to bolster Marcus

    Plus, more on the AIME/Blend partnership for brokers
    It's the start of a new week, but the news couldn't wait for Goldman Sachs, which announced on Sunday it purchased personal finance startup Clarity Money (and its 1 million users) to boost its consumer-lending business Marcus. Plus, more on the Blend and AIME partnership for brokers and a new mortgage servicing rule goes into effect this week.
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  • Goldman Sachs: Fed to raise rates once a quarter until 2019

    Federal funds to hit 3.25% to 3.5% by end of next year
    The Federal Reserve elected to increase interest rates during its March meeting for the first time in 2018, but it’s far from done raising rates for the year, or so says a note Goldman Sachs sent to clients. In fact, the Fed could raise rates as quickly as once per quarter.
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  • SoFi hires former Goldman Sachs head of mortgage securitization as new CFO

    Does Michelle Gill’s hiring mean more mortgage securitizations are coming?
    Over the last few years, SoFi has become a fairly regular issuer of loan securitizations, whether they are backed by mortgages, personal loans, or student loans. Now, it looks like SoFi may be making a bigger move into securitizations by hiring the former head of mortgage securitization at Goldman Sachs as its new chief financial officer.
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  • Goldman Sachs President Harvey Schwartz retiring, sets stage for Blankfein succession

    David Solomon will serve as sole president and chief operating officer
    Last week, reports emerged that Goldman Sachs CEO Lloyd Blankfein could be stepping down within the next year, with the company supposedly looking to one of its two co-presidents, Harvey Schwartz and David Solomon, as Blankfein’s successor. But now, it appears that Schwartz will not be taking over at Goldman Sachs, regardless of when Blankfein plans to leave.
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  • Goldman Sachs CEO Lloyd Blankfein reportedly stepping down

    Or is he staying?
    One of Wall Street’s longest-serving chief executives reportedly plans to step down. According to a report from the Wall Street Journal, Lloyd Blankfein is plotting his exit from Goldman Sachs, the firm he’s led since 2006. But according to Bloomberg, and Blankfein himself, he probably isn't going anywhere.
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  • Gary Cohn resigning as top White House economic advisor

    Resignation comes after rumored fight over tariffs
    Gary Cohn is resigning from his position as White House National Economic Council director, the New York Times reported Tuesday. It appears that President Donald Trump’s recent announcement that the U.S. plans to impose a 25% tariff on steel imports and a 10% tariff on aluminum was Cohn’s bridge too far.
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