Sunday, September 9, 2012

Goldman must face mortgage debt claims

``According to the decision, the NECA-IBEW fund had bought certificates from two Goldman-led offerings that contained loans made by GreenPoint Mortgage Funding, later part of Capital One Financial Corp, and Wells Fargo & Co.

The 17 offerings that were the basis of the lawsuit were sold under the same registration statement, and also contained loans from several other mortgage lenders.

These lenders included Countrywide, later part of Bank of America Corp; National City, later part of PNC Financial Services Group Inc; SunTrust Banks Inc; and Washington Mutual, later part of JPMorgan Chase & Co.''

Source: http://implode-explode.com/viewnews/2012-09-07_Goldmanmustfacemortgagedebtclaims.html

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