Items Tagged with 'Goldman'


  • 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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  • Goldman Sachs fined $50 million for Federal Reserve leak

    Former Goldman employee joined from Fed, shared confidential documents
    The so-called revolving door between financial regulators and the private sector has finally swung around and bitten one of those private companies right where it hurts – their bottom line. Goldman Sachs will pay $50 million in fines after an investigation found that a former employee improperly shared confidential information obtained from the Federal Reserve Bank of New York.
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  • Goldman Sachs to pay $272 million in toxic mortgage lawsuit

    Settles with Illinois electrical workers’ pension fund over crisis-era mortgage bonds
    Goldman Sachs will pay $272 million to settle a lawsuit over losses suffered due to alleged misrepresentations of the quality of mortgage loans that backed crisis-era mortgage-backed securities. The lawsuit stretches back to 2008, when an Illinois electrical workers' pension fund sued arguing that Goldman made false statements regarding the nature of mortgages it sold into trusts.
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  • Goldman Sachs launches first jumbo mortgage bond since crisis

    Bringing RMBS back
    One of the most notorious names from the mortgage crisis is back. Goldman Sachs, which was at the forefront of the toxic mortgage crisis that nearly crippled the U.S. economy, is preparing to launch its first post-crisis prime jumbo residential mortgage-backed securitization.
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  • Morgan Stanley profits hit by mortgage lawsuits

    Investment bank sets aside $1.2 billion to pay court costs
    Huge legal costs are becoming a theme in Wall Street fourth-quarter earnings reports, specifically litigation and investigations related to residential mortgage-backed securities and the credit crisis.
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  • ING mortgage bonds flood market

    Pre-announced liquidation absorbed by Wall Street
    According to structured finance analytics firm Interactive Data, the announced liquidation of $5.1 billion from the ING Illiquid Assets Back-up Facility spiked activity levels higher yesterday in the mortgage-bond market.
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