Goldman Sachs is in the final stages of negotiating $1.1 billion settlement with the Federal Housing Finance Agency, according to a news report Friday.
The deal, which could be announced next week, would settle claims that the bank sold bad mortgage-backed securities to Fannie Mae and Freddie Mac in the lead up to the financial crisis, the
In 2010, Goldman
The bank is also in the early stages of negotiations with the Justice Department related to its sale of mortgage securities, the report said.
News of the potential deal comes just one day after the Department of Justice announced a
Bloomberg first reported on the settlement talks between Goldman and the FHFA