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Financial Stocks: Goldman falls further on Fed sanctions

0 Comments Published September 3rd, 2011 in News.

Shares of Goldman Sachs added to their losses Thursday afternoon following word that he Federal Reserve sanctioned the firm over deficient practices involving residential mortgage loan servicing and foreclosure processing at its former subsidiary, Litton Loan Servicing LP.

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« Amotz Asa-El’s View from Jerusalem: When Netanyahu met compassion
Outside the Box: 12 housing themes for 2012 »
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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