Search for: "GOLDMAN SACHS MORTGAGE COMPANY" Results 21 - 40 of 307
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16 Jan 2018, 5:05 am by John Jascob
Goldman Sachs allegedly let the client, which had a short position in the fund, choose particularly risky subprime mortgage assets in the hope that the fund would perform poorly. [read post]
2 Jan 2018, 10:58 am by zamansky
” Not surprisingly, Wall Street banks and private equity investors, including Credit Suisse, Goldman Sachs and Blackstone, have scooped up distressed residential mortgages, according to the article. [read post]
9 Mar 2017, 9:30 pm by Claire Hill
For instance, Goldman Sachs bankers were incentivized to sell securities in one complex transaction, “Timberwolf,” that internal emails described with a crude expletive, with “‘ginormous’” sales credits. [read post]
14 Apr 2016, 9:30 pm by RegBlog
In the fifth multi-billion dollar bank settlement stemming from the 2008 financial crisis, Goldman Sachs agreed to settle allegations that it improperly vetted mortgage-backed securities by paying a $2.39 billion civil penalty and providing $1.8 billion in consumer relief. [read post]
9 Apr 2016, 8:48 am by Adam Levitin
 The mortgage companies, mortgage brokers, and commercial banks were just origination agents for a Wall Street-based securitization machine. [read post]
29 Feb 2016, 4:43 pm by Kevin LaCroix
  The company petitioned the Supreme Court to resolve the split. [read post]
22 Jan 2016, 1:53 pm by Jim Caton
Just as no General Motors executive will see the inside of a jail cell for the deaths of hundreds of car-owners whoThe post Elite justice for Goldman Sachs appeared first on Legal Reader. [read post]
11 Sep 2015, 5:07 am by SHG
What there will not be is a memo coming from the CEO’s office at Goldman Sachs commanding, “package all our underwater deadbeat mortgages with a good one on top so that it will look kinda legit, then lie about them and sell them to anyone stupid enough not to look beyond the meaningless crappy name we give it. [read post]
16 Apr 2015, 2:55 pm by Dheeraj K. Singhal
Despite the efforts of former New Jersey Governor Jeff Corzine, a one-time Goldman Sachs co-CEO, the company’s debt was downgraded to junk status shortly before it filed. [read post]
6 Mar 2015, 5:13 am by Kevin LaCroix
Goldman Sachs, in which the court held that a named plaintiff may have class standing to bring claims related to the residential mortgage-backed certificates that it had not purchased on behalf of absent class members who purchased them. [read post]
12 Jan 2015, 10:09 am by The Public Employment Law Press
DeRosa served as the Director of Communications and Legislation for Cordo and Company, an Albany based government affairs firm. [read post]
25 Jul 2014, 12:38 pm
According to the FHFA, Goldman Sachs received an emailed report in December 2006 from the CEO of a subprime mortgage lender that Goldman partially owned. [read post]
5 Jun 2014, 10:24 am by David Keenan
  As with similar allegations against Goldman Sachs and its ABACUS CDO, the SEC alleged that Citigroup hand-picked many of the mortgage-related assets in the fund while telling investors that the assets were selected by an independent advisor. [read post]
10 May 2013, 9:00 am by P. Andrew Torrez
Residential Capital, LLC -- a bankrupt mortgage company owned by Ally Financial, Inc., which is in turn majority-owned by the U.S. [read post]
10 Apr 2013, 12:31 pm by D. Daxton White
The SEC further states that Goldman Sachs was hit with the largest penalty for and will pay a record $550 million to settle the charges of defrauding investors and withholding information. [read post]
28 Mar 2013, 1:47 am by Kevin LaCroix
The ongoing cases against Goldman Sachs and now this one against Deutsche Bank are reminders that the subprime-related litigation wave may still have a lot further to run yet. [read post]
25 Mar 2013, 1:09 am by Kevin LaCroix
In its list of failed bank lawsuit settlements, Cornerstone Research identified two cases – involving Heritage Community Bank and Corn Belt Bank and Trust Company – for which the settlement amounts had not been reported. [read post]