Industry NewsMortgage

Goldman to restructure subprime loans

$60 million settlement with Massachusetts attorney general
Published on May 12, 2009

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by CareyBot

About 700 Massachusetts homeowners will see the principal on their subprime loans slashed and thousands of others will get help refinancing under the terms of settlement between the state attorney general and Goldman Sachs & Co.

Massachusetts Attorney General Martha Coakley launched an investigation into the origination and securitization of subprime loans in the in December, 2007.

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