Financial

News > Financial > Goldman Sachs Reaches Billion Dollar Mortgage Settlement

Goldman Sachs Reaches Billion Dollar Mortgage Settlement

(Washington, DC) -- Goldman Sachs is the latest financial institution to reach a settlement with the federal government over the selling of bad mortgages. The Federal Housing Finance Agency said Goldman Sachs has agreed to pay one-point-two-billion dollars to buy back mortgage-backed securities from Fannie Mae and Freddie Mac. This week Bank of America agreed to pay more than 16-and-a-half billion dollars in a settlement. The marketing and selling of bad loans by financial groups helped lead to the financial meltdown of 2008.

Financial

(Atlanta, GA) -- Coca-Cola is announcing it will revise its executive pay structure after billionaire Warren...
(Undated) -- People who are using natural gas will be paying more this winter. The American Gas Association is...
(New York, NY) -- The fourth quarter is opening with a thud as stocks closed down more than one percent Wednesday...
(New York, NY) -- The fourth quarter is kicking off with sharp declines on Wall Street. About 90 minutes from the...
(Undated) -- Apple is adding gold to its iPad options in an effort to boost less-than-stellar tablet sales...