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$557 million foreclosure deal of Goldman, Morgan Stanley

In what is seen as a deal that will help the finance industry move a step closer to ending the housing crisis-related problems, Goldman Sachs Group Inc. and Morgan Stanley will together pay a sum of $557 million to troubled borrowers. While $232 million will be paid to eligible borrowers, another $325 million will be paid in loan modifications and forgiveness.

Read the full article here:
Goldman, Morgan Stanley cut $557 million foreclosure deal


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$557 million foreclosure deal of Goldman, Morgan Stanley by
Posted by on January 16, 2013. Filed under Featured. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry