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Goldman Sachs. The $64,000 question. Reach a Settlement? Why?

May 6, 2010

Analysis of:Goldman Sachs: The $64,000 Question | seekingalpha.com

The article below gives an assessment of the current situation regarding Goldman Sachs and the opinion of a person who had done extensive due diligence work through other agencies for the purchase and securitization of bulk loan sales for the company.

Mortgage Industry Revival of Borrower Friendly Mortgage Product

July 18, 2009

Analysis of:Nationwide revives 125 percent mortgage | uk.reuters.com

The analysis of this product is presented based on having extensive experience in marketing and selling the mortgage product discussed and the effects on the mortgage industry, investors, and consumers.

Mortgage/Financial Industry Due Diligence Alert

November 28, 2008

Analysis of:Due diligence, recession style | venturebeat.com

This response is directed to the due diligence performed on countless residential mortgages originated during the past five years on a stated income basis. The statement above is correct in regard to the mistakes lenders make or have made by accepting stated income during stronger economic times without taking into consideration that real estate/economic trends are traditionally cyclical in nature and many of those borrowers were employed in industries that would be affected in a market down turn. The surprise is that the Wall Street firms that purchased those loans did not have or use proper analytic models to determine the level of risk involved and take the steps needed to protect investors against those inevitable down turns.

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