Goldman Mortgage Settlement Is Much Less Than Meets the Eye

April 12, 2016 12:49 AM

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Goldman Mortgage Settlement Is Much Less Than Meets the Eye

The special credits negotiated by the banks are laid out in annexes connected to each settlement.

JPMorgan Chase, for instance, earned a $1.15 credit toward its settlement requirements for each dollar of loan forgiveness it offered within the first year, according to the settlement it completed in 2013. Goldman, in contrast, is getting $1.50 of credit for each dollar of loan forgiveness within t...

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