Goldman and Morgan Stanley Settle Wrongful Foreclosure Case

Goldman Sachs and Morgan Stanley will have to shell out a combined $557 million to resolve federal complaints of wrongfully foreclosing on homeowners. The Associated Press  (AP) reports the agreement is similar to deals 10 other major banks and mortgage lenders struck recently with the Federal Reserve, the nation’s central bank. A total of $9 billion will be paid by the 12 firms to resolve wrongful foreclosure complaints. The settlements will help in compensating all the people whose homes