Goldman Sachs now under gun from mortgage lawsuits

NCUA is seeking more than $491 million in damages from the bank

Perhaps feeling left out thanks to Bank of America (BofA) to getting all of the ink lately devoted to mortgage-backed securities lawsuits, Goldman Sachs Group yesterday grabbed a few headlines of its own.

The banking giant was sued by the National Credit Union Administration (NCUA) over its sale of mortgage-backed securities to now-defunct credit unions, including U.S. Central and Western Corporate federal credit unions. NCUA is seeking more than $491 million in damages.

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