Goldman Sachs has launched an ambitious program to buy severely delinquent or nonperforming home mortgages as one element of a $ 5.1-billion settlement it has entered into with the federal government for its role in creating and selling mortgage-backed securities in the years leading up to the financial crisis. According to a Wall Street Journal article , Goldman has spent $ 4.5 billion to acquire 26,000 delinquent mortgages from Fannie Mae.
