Goldman Sachs legal costs could lift amid mortgage investigations

Why the Need for Laws Protecting Homeowners? During the foreclosure crisis that began around 2008, the number of homeowners in financial distress increased exponentially and servicers simply couldn’t keep up with the increased demands for information and assistance. As a result, servicing errors were common and egregious.

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Financial Performance January 20, 2016 Goldman Sachs Profit Falls on Legal Costs The $5.1 billion settlement of charges related to the sale of mortgage-backed securities contributed to a 65% drop in fourth-quarter profit. Ng, Leissner’s deputy at Goldman Sachs, was indicted on similar charges in October.

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