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Goldman Sachs $5B Settlement in Favor of Homeowners

Find out if your Home Loan Was Securitized by Goldman Sachs During Years 2005-2007 and thus Subject to the $1.8B Available for Homeowners and Consumers in the Form of Principal Reduction or Damages

January 20, 2016

Goldman Sachs has said it will pay $5.06bn to resolve civil claims related to the firm’s securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007.

The agreement with regulators will reduce earnings for the fourth quarter by about $1.5bn after tax, Goldman said in a statement.

The Wall Street bank, which is expected to report fourth-quarter earnings next week, said it will pay a $2.385bn civil monetary penalty, make $875m in cash payments and provide $1.8bn in consumer relief.

The bank will offer a reduction in unpaid principal for affected homeowners and borrowers, financing for construction and debt support, among other things.

The agreement in principle will resolve actual and potential civil claims by the US Department of Justice, the New York and Illinois attorney generals, the National Credit Union Administration and the federal home loan Banks of Chicago and Seattle, the company said.

http://www.certifiedforensicloanauditors.com/articles/01.16/goldman-sachs-reaches-5bn-settlement-over-mortgage-backed-securities.html

CFLA is a reputable firm with experience litigating against mortgage lenders, securitizers, trusts and servicers who can confirm whether Goldman Sachs was involved in their securitization and help them recover their share of that settlement.

CFLA has a list of Trusts that were associated with the Goldman Sachs Securitization applicable to this lawsuit and settlement is Available at CFLA!

CFLA Pioneered the Entire Industry of Mortgage Securitization Auditing and Our Experts are the Leading Experts in the Field of Mortgage Securitization, Research, and Training!!!

Call us today to see if your Mortgage was part of this settlement and if you may be entitled to relief 888-758-2352 or 832-932-3951.

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CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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