Goldman Sachs, Morgan Stanley expected to agree to $1.5 billion settlement over foreclosure claims
Goldman Sachs Group Inc and Morgan Stanley are among a group of banks expected to agree as soon as this week to a $1.5 billion settlement with federal regulators over botched foreclosure claims, two sources familiar with the matter said on Tuesday.
But it appears that a key $8.5 billion settlement with large investors is playing a role in pushing many more people into foreclosures.