0 minute readThe Securities and Exchange Commission (SEC) is ramping up a probe of a second complex mortgage deal by Goldman Sachs. SEC accusations that Goldman defrauded investors in Abacus, a synthetic collateralized debt obligation designed in part by mortgage-shorter John Paulson, have already thrust the bank into a legal quagmire.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio