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- NACA - I Am Really Concerned about the Conselor I Had!! I Need Help- Auction is 6-14Forum: NACA Posted By: christyhaz Post Time: 05-24-2012 at 07:12 PM […]
- New Home Sales Increase Over 3% in AprilForum: Real Estate & Property Investing Posted By: Evan Bedard Post Time: 05-24-2012 at 06:11 PM […]
- Negotiating with a 1st who has already shown their hand?Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: walkin Post Time: 05-24-2012 at 05:00 PM […]
- New to all of thisForum: Wells Fargo Home Mortgage Posted By: janie Post Time: 05-24-2012 at 03:18 PM […]
- New here... hardship letter helpForum: Loan Modification Posted By: PAoptimist Post Time: 05-24-2012 at 03:12 PM […]
- Home Values in Regional Markets Have Yet to BottomForum: Real Estate & Property Investing Posted By: Evan Bedard Post Time: 05-24-2012 at 02:43 PM […]
- HARP refinancing with LPMI in OregonForum: HARP Mortgage Loan Program Posted By: SODogLover Post Time: 05-24-2012 at 02:32 PM […]
- Results of Wells Fargo Foreclosure MediationForum: Wells Fargo Home Mortgage Posted By: cosmojinx Post Time: 05-24-2012 at 01:22 PM […]
- Steamline Refinance, Verification of EmploymentForum: FHA Loans, Requirements & Rates Posted By: twojp Post Time: 05-24-2012 at 10:30 AM […]
- Secured loan against paid off house... good credit, income under the tableForum: Home Equity Loan Posted By: entrepreneurguy Post Time: 05-24-2012 at 09:38 AM […]
Goldman Sachs
Banks, State Reach a Deal
(Source: The Wall Street Journal BY LIZ RAPPAPORT) – The mortgage industry will take a step toward cleaning up some of its most controversial practices under a deal between a New York regulator and three financial firms, including Goldman Sachs [...]
Goldman Sachs Sued by Allstate Over $100 Million in Mortgage Securities
(Source: Bloomberg By Karen Freifeld) – Goldman Sachs Group Inc. (GS) was sued by Allstate Insurance Co. over the sale of more than $100 million worth of residential mortgage-backed securities that the insurer claims the bank itself called “junk” and [...]
Barofsky Says Banks May Face More Mortgage Litigation
Aug. 10 (Bloomberg) — Neil Barofsky, former special inspector general for the Troubled Asset Relief Program and a Bloomberg Television contributing editor, talks about possible lawsuits facing Goldman Sachs Group Inc. and other U.S. banks over sales of mortgage-backed securities.
Mortgage-Bond Selloff Threatens Rebound in U.S. Commercial Property Market
(Source: Bloomberg By Hui-yong Yu, Brian Louis and Sarah Mulholland) – The nascent recovery in U.S. commercial real estate may be cut short as Europe’s debt crisis and Standard & Poor’s credit downgrade of Treasuries send borrowing costs to their [...]
Bruised Overseas Banks Shed Staff, With More To Come
(Source: Iain Dey From: The Australian) – GOLDMAN Sachs chief executive Lloyd Blankfein called his top executives into the auditorium. It was minutes before the bank was due to publish its second-quarter results and he was about to run his [...]
BofA, Goldman Sachs Find State Mortgage-Securities Cases Hard to Shake
(Source: Bloomberg By Karen Gullo) – Investors suing Bank of America Corp. (BAC) and more than a dozen other underwriters to force the buyback of $6.7 billion in downgraded mortgage securities have defeated efforts by the banks in pretrial skirmishes [...]
Raise Debt Ceiling, Banks Urge
WASHINGTON (Source: The Boston Globe By Phil Mattingly and Peter Cook) – Bankers including Goldman Sachs Group chairman and chief executive Lloyd Blankfein and JPMorgan Chase & Co. chief Jamie Dimon called on President Obama and Congress to raise the [...]
Banks Urge Congress to Close Deal on Debt
(Source: Bloomberg By Phil Mattingly and Peter Cook) – Bankers including Goldman Sachs Group Inc. (GS) Chairman and Chief Executive Officer Lloyd Blankfein and JPMorgan Chase & Co. (JPM) chief Jamie Dimon called on President Barack Obama and Congress to [...]
US Banks: What a Lousy Investment
(Source: IFR Keith Mullin) – Goldman Sachs and Bank of America, which both reported Q2 numbers yesterday, have, along with the rest of the industry, taken a beating in the stock market this year. GS’s earnings clearly weren’t what the [...]
Goldman Among Banks Preparing $3.7 Billion of Mortgage-Backed Securities
(Source: Bloomberg By Sarah Mulholland) – Wall Street banks are marketing about $3.7 billion of bonds tied to property loans, wagering investor demand for the debt will withstand mounting concerns that the U.S. economic recovery is stalling and the European [...]
Stocks in U.S. Decline as JPMorgan, Goldman Sachs, General Motors Retreat
(Source: Bloomberg By Nikolaj Gammeltof) – U.S. stocks declined, sending the Standard & Poor’s 500 Index down for a second day, on concern Europe’s sovereign-debt crisis will spread and as U.S. lawmakers failed to agree on a deficit-reduction program.
Fed Unveils More Crisis-Loan Details
WASHINGTON -(Source: NASDAQ By Luca Di Leo) – Goldman Sachs Group Inc. (GS) took the biggest single sum and was given the best rate on two Federal Reserve loans in December 2008, the latest disclosure of the central bank’s controversial [...]
Shareholder Wants Goldman Execs Canned
MANHATTAN (Source: CN By DAN MCCUE) – Goldman Sachs’ top dogs failed to take corrective action before and after the collapse of mortgage-backed securities touched off the global financial crisis, exposing the firm to billions of dollars in liabilities, shareholders [...]
IFR – Job Cuts at Major Banks Intensify
Jul 4 (Reuters By Gareth Gore) – Hundreds of bankers will lose their jobs over coming weeks, victims of what senior bosses say is likely to be an industry-wide culling of staff in response to a sharp downturn in demand [...]
BofA, Goldman Among Banks Bracing for Cuts as Trading Slows
(Source: Bloomberg By Dakin Campbell) – Bank of America Corp. (BAC) and Goldman Sachs Group Inc. (GS) are among financial firms cutting more than 1,300 workers in an effort to trim expenses and match revenue as equity and bond trading [...]
Bank Earnings Estimates Keep Getting Worse
(Source: Wall Street Journal By Shira Ovide) – Another day, another earnings downgrade for some of America’s largest financial institutions.
Goldman Closes the Door on Subprime
(Source: Business Week By Karen Weise and Christine Harper) – When Goldman Sachs (GS) bought Litton Loan Servicing, a firm that collects mortgage payments from homeowners, in 2007 for an unannounced price, it seemed like a simple way to get [...]
Big Banks May Soon Shed Jobs
NEW YORK (Source: By Michael J. MooreBloomberg News ) — Financial firms, shunned by investors to a degree seen only once in the last 20 years, are becoming a smaller part of the economy as they deal with a past [...]
Goldman Sells Mortgage Servicing Unit to Ocwen
(Source: New York Times By MICHAEL J. DE LA MERCED) – Goldman Sachs has agreed to sell its Litton Loan Servicing unit to the Ocwen Financial Corporation for about $263.7 million, ending its ties to an industry steeped in controversy.
Goldman Plans to Fight Report on Mortgage Bets
(Source: The Wall Street Journal) – Goldman Sachs Group Inc. plans to accuse the U.S. Senate Permanent Subcommittee on Investigations of drastically overstating Goldman’s bets against the housing market in 2007, according to people familiar with the situation, in an [...]
NY DA Going After Goldman with Law that Doesn’t Require Intent
(Source: National Mortgage Professional) – District Attorney Cyrus Vance Jr. subpoenaed Goldman Sachs, the fifth-biggest U.S. bank by assets, for records on its activities leading into the credit crisis, two people familiar with the matter said. Vance may bring charges [...]
Manhattan DA Subpoenas Goldman in Mortgage-Deal Probe
WASHINGTON (Source: Miami Herald By GREG GORDON) – In the absence of federal prosecutions over Wall Street’s role in the financial crisis, the Manhattan district attorney has subpoenaed Goldman Sachs regarding allegations that the giant investment bank bet heavily against [...]
Goldman Sachs Said to Be Poised to Sell Litton Mortgage Business to Ocwen
(Source: Bloomberg By Christine Harper) – Goldman Sachs Group Inc. (GS) is closing in on the sale of Litton Loan Servicing LP to Ocwen Financial Corp. (OCN), two months after writing down the value of the mortgage- servicing business by [...]
Goldman ‘Too Big’ to Face Prosecution Over Mortgage Securities, Hintz Says
(Source: Bloomberg By Christine Harper) – Goldman Sachs Group Inc. (GS) won’t face criminal prosecution related to sales of mortgage-linked securities because such a move could threaten the U.S. financial system, according to Brad Hintz, an analyst at Sanford C. [...]
Financial-Crisis Subpoenas Heading to Goldman Sachs
(Source: Wall Street Journal By Ashby Jones) – With the exception of one high-profile SEC suit (Fabulous Fab, anyone?), regulators and prosecutors haven’t pointed too many fingers at Goldman Sachs, post financial-crisis (at least not publicly).
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