Items Tagged with 'Eric Green'

ARTICLES

  • Morgan Stanley completes $400M consumer relief obligation for $3.2B mortgage settlement

    Settlement required company to provide relief to New Yorkers
    Morgan Stanley recently completed its $400 million consumer relief obligation that is part of the $3.2 billion mortgage bond settlement it reached last year. The settlement covers Morgan Stanley’s “deceptive” mortgage bond practices in the run-up to the financial crisis and requires the company to provide consumer relief for New York residents affected by the company’s alleged actions.
    Read More
  • Goldman Sachs forgives $71 million in mortgage debt

    Part of $1.8 billion consumer relief obligation in $5 billion settlement
    Goldman Sachs forgave nearly $71 million in mortgage debt over the last several months, as the company works to meet its $1.8 billion consumer relief obligation that is part of the company’s $5 billion settlement reached in April 2016 over toxic mortgage bonds, the settlement’s monitor said in a new report.
    Read More
  • Goldman Sachs nearing $650 million in consumer relief in $5 billion settlement

    Passes one-third mark in $1.8 billion consumer relief obligation
    Goldman Sachs recently passed the one-third mark in its $1.8 billion consumer relief obligation that is part of the company's $5 billion settlement reached in April 2016 over toxic mortgage bonds, the settlement's monitor said in a new report. Part of Goldman Sachs' most recent consumer relief is $240 million in donations to facilitate the construction, rehabilitation or preservation of affordable low-income rental or for-sale housing in seven states
    Read More
  • Goldman Sachs reaches $100 million in consumer relief in $5 billion settlement

    Still a long way to go to reach consumer relief requirement of $1.8 billion
    Goldman Sachs is progressing in the consumer relief obligations that are part of the $5 billion settlement reached in April over toxic mortgage bonds, the settlement’s monitor said in a new report. The report showed that Goldman Sachs passed the $100 million mark on its way to the $1.8 billion in consumer relief it's required to provide as part of the settlement.
    Read More
  • Goldman Sachs passes first round of compliance testing for $5 billion settlement

    First monitor report finds consumer relief efforts are "logical and appropriate"
    Goldman Sachs is meeting its consumer relief requirements as part of its $5 billion settlement reached in April over toxic mortgage bonds, a new report from the settlement’s monitor showed. The report, published Friday by Eric Green, who serves as independent monitor of the settlement, showed that Goldman Sachs passed its first round of compliance testing for the consumer relief portion of the settlement.
    Read More