 Wysłany: Czw 1:52, 31 Paź 2013 Temat postu: Wells Fargo |
|
| Morgan Stanley, Goldman Sachs join 10 others with foreclosure deal
WASHINGTON, Jan. 16 () -- Goldman Sachs and Morgan Stanley have agreed to pay $557 million to settle charges of improper mortgage and foreclosure processing, U.S. authorities said.The U.S. Federal Reserve said the two banks reached an agreement similar to the $8.5 billion settlement announced Jan. 7 that involved Bank of America, JPMorgan Chase,[url=http://www.arch-eyes.com/]Christian Louboutin Discount[/url], Wells Fargo, MetLife Bank, Sun Trust, U.S. Bank, Aurora,[url=http://www.panyam.com/]gucci outlet store[/url], Citibank, Sovereign and PNC.The Fed said the settlement announced Wednesday would include $232 million in direct payments to eligible borrowers and $325 million in other compensation,[url=http://www.panyam.com/]cheap gucci shoes[/url], such as "loan modifications and forgiveness of deficiency judgments."The $8.5 billion settlement targeted 4 million borrowers as beneficiaries. The $557 million deal targets an additional 220,000 borrowers whose homes went through foreclosure in 2009 and 2010 with the former subsidiaries of Goldman Sacs -- Litton Loan Servicing -- and Morgan Stanley -- Saxon Mortgage Services,[url=http://www.ewwealth.com/]christian louboutin discount[/url], Inc.Compensation could climb as high as $125,000 for an individual borrower, the Fed said. |
|
