After nearly a month of marketing, Fannie Mae has sold off more nonperforming loans totaling $581 million in unpaid principal balance. This is the company’s 10th nonperforming loan sale to date. In a continued effort to reduce the number of delinquent loans in its portfolio, the lender has unloaded about 3,400 notes.
Read More »Goldman Sachs Keeps Buying Fannie Mae Loans, Why?
The company recently purchased about 8,000 loans with unpaid balances of $1.4 billion from Fannie Mae.
Read More »There’s No Escaping Rising Mortgage Rates
With fluctuating mortgage rates under watch, many are speculating about what the future of mortgage rates will look like in the years to come, especially with the possibility of GSE reform.
Read More »Goldman Sachs Re-configures Employee Compliance Program
The Federal Reserve Board ordered Goldman Sachs Group to pay a civil money penalty for its unauthorized use and disclosure of confidential supervisory information and to implement an enhanced program to ensure the proper use of confidential supervisory information.
Read More »The Ups and Downs of Goldman Sachs Two Quarters
The first and second quarters of 2016 told different stories for Goldman Sachs with regards to earnings and overall business operations.
Read More »Headwinds Devastate Goldman Sachs’ Q1 Profits
Like nearly every financial firm that reported earnings for Q1, Goldman Sachs' profits took a major hit. What drove the decline?
Read More »The Week Ahead: How the Settlement Will Affect Goldman Sachs
Goldman Sachs will release its earnings statement for Q1 on Tuesday, April 19. How much will the recent $5 billion settlement affect the firm's profits?
Read More »Another Day, Another Settlement: Goldman Sachs to Pay $5B
It's the fourth-largest RMBS settlement reached between the government and one financial institution.
Read More »RMBS Settlement Cuts Into Goldman Sachs’ Profits
The investment banking firm's Q4 and full year 2015 earnings took a big hit as a result of the $5 billion residential mortgage-backed securities settlement announced last week.
Read More »Goldman Sachs Agrees to Pay $5 Billion to Settle RMBS Claims
The investment banking firm reached an agreement in principle to settle claims that it sold faulty mortgage-backed securities before the crisis.
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