Goldman Sachs’s Litton Mortgage Unit Resumes Some Foreclosures
Goldman Sachs’s Litton Mortgage Unit Resumes Some Foreclosures
March 1, 2011, Bloomberg News
Goldman Sachs Group Inc.’s mortgage-servicing unit, which suspended some evictions and foreclosures in October, has recently resumed some of those activities, according to a regulatory filing today. Litton Loan Servicing LP said on Oct. 8 that it was suspending some foreclosures to review its procedures. Attorneys general from 50 states have been investigating the mortgage industry’s foreclosure practices after discovering some firms used faulty or falsified paperwork to seize homes.
Foreclosures Spread Far Beyond Bubble Hot Spots
February 28, 2011, Builder Magazine
One in every 497 homes in the U.S. received a foreclosure notice in January, according to the latest data from RealtyTrac. In an industry that’s been battered by foreclosures since the housing bubble burst, the number may not seem like news, but these foreclosures are different.
‘Inside Job’ Oscar-Winner Says More Jail Time for Wall Street Execs.
March 1, 2011, March 1, 2011
Filmmaker Charles Ferguson, along with Audrey Marrs, won the Best Documentary Academy Award this week for “Inside Job,” a film about the 2008 financial crisis. Speakeasy caught up with Ferguson to discuss his plans to publish a book examining the market meltdown, his Oscar win, and the acceptance speech he gave in which he suggested from the stage that more financial executives should be in prison.