Feds bust $58 million mortgage scam
The feds busted a $58 million mortgage scam involving more than 100 home loans in New York, Westchester, Long Island and upstate, officials said Thursday.
Goldman Sachs & Company, one of the huge financial firms largely responsible for the subprime mortgage mess that led to the current economic meltdown, agreed to pay $550 million to settle civil fraud charges late last week.