May 9th 2013 1:06PM
By Martin Crutsinger WASHINGTON -- Some 96,000 borrowers who received checks to compensate them for wrongful foreclosures on their mortgages will be getting an additional check to correct for errors in the initial payment, the Federal Reserve announced Wednesday. The Fed said the affected borrowers received initial... Continue Reading »
May 9th 2013 11:29AM
An apartment-finding tool may not sound like a novel startup idea –- especially for a developer who's already sold two companies to the likes of Google and Twitter -– but Ori Allon has decided to place a bet. Launched Wednesday, Urban Compass allows users to search rental listings by price, location and... Continue Reading »
Sep 1st 2011 12:50PM
Goldman Sachs, Ocwen Financial Corp. and Litton Loan Servicing will end robo-signing practices and write down as much as $53 million in unpaid principal on New York mortgages as part of an eight-point agreement with an Empire State regulator. In addition, Goldman will forgive 25 percent of the principal balance on New... Continue Reading »
Apr 30th 2010 6:00PM
So what's the story? Are the creeps at Goldman Sachs the most crooked thieves known to humanity, or are they simply going about business as usual on Wall Street? Both sides of the saga have their merits. It doesn't help Goldman's case when emails surface from its reps about selling "shi***y" bonds, or from Fabrice... Continue Reading »
Apr 23rd 2010 1:45PM
A scapegoat is emerging for the U.S. housing market meltdown -- and as a reason for more Wall Street regulation -- and his name is John Paulson. As the very smart manager of a hedge fund bearing his name, Paulson and Co., he created a controversial investment vehicle called the Abacus Fund for Goldman Sachs. The Abacus... Continue Reading »
