Tag Archives: Citigroup

ForeclosureRadar: Dramatic Declines in December

Given that pretty much every bank postponed foreclosure activity for the holidays, a decline in actual repossessions was expected. However, we were not expecting the dramatic drop in Notices of Default filed. From ForeclosureRadar: Banks cancel more foreclosures then they … Continue reading

Posted in Data, Data, and More Data, Everything About Foreclosures | Tagged Citigroup, Extend and Pretend, Foreclosures, HAMP, Legislation, Loan Modifications, Mortgage Delinquency Rates, Notice of Default | 1 Comment

How Obama Turned Bailouts Into Giveaways

Barack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008…. Then he got elected. Matt Taibbi’s Rolling Stone piece Obama’s Big Sellout … Continue reading

Posted in Banking and Finance, Best Of The Storm, Fresh Perspectives, Social Mood Swings | Tagged Bailouts, Bank Regulations, Citigroup, Goldman Sachs, Obama, Stimulus, TARP, The Fed, The Treasury | Comments Off

Regulators Delay Bursting of Commercial Real Estate Bubble

Reality, it appears, is a dish Washington believes is best served, never. Late Friday evening, long after most Americans had shut off their computer screens and turned their attention to more important things — namely, Halloween — banking regulators dropped … Continue reading

Posted in Banking and Finance, Best Of The Storm, Commercial Real Estate, Keepin' It Real Estate | Tagged Citigroup, Fannie Mae, FDIC, Foreclosures, Freddie Mac, Goldman Sachs, Loan Modifications, Mortgage Delinquency Rates, The Fed | 1 Comment