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Goldman warns of federal lawsuit risk over mortgage bond sales

Goldman Sachs Group Inc said it could face a federal civil lawsuit after a government probe concluded that the bank had violated laws related to sale of residential mortgage-backed securities before the financial crisis. The bank said in a regulatory filing on Monday that it received a letter from the U.S. Attorney for the Eastern District of California in December in connection with the probe …

The World's Next Mortgage Crisis?

Although a resident of Austria, he had taken a home mortgage in Swiss francs, which carried a lower interest rate than mortgages in euros. In the second half of January, hundreds of thousands of homeowners across Europe—and especially across Central and Eastern Europe—have been jolted in similar ways.