Goldman Sachs Chipping Away at $1.8B Mortgage Settlement Target

National Mortgage News, Nov. 2, 2018–Elina Tarkazikis
The bank, working to fulfill mortgage settlement agreements between the U.S. Department of Justice and three states, forgave a total of $78.7 million in principal on 746 first-lien mortgages since its last update on Aug. 1, for average principal forgiveness of $105,467 per loan and total reportable credit of $79.3 million after appropriate crediting calculations and multipliers were applied.