mortgages: 50,000 Jobs to be Eliminated at Citigroup - 11/17/08 08:27 AM
Citigroup, thought to be one of the more conservative players in the financial industry, hasn't gone unscathed by the mortgage meltdown. While, Citgroup has not made a play to acquire any struggling competitors, it has likewise not been a target for a takeover.
Citigroup's problems were highlighted back in January of … (16 comments)
mortgages: Does Anybody Have A Clue? - 10/26/08 08:51 AM
I have been saying for months that all of the foreclosures are not due to the mortgage meltdown. There are far more homeowners who have had their homes for nearly fifteen years who have fallen victim to the economy.
Companies are downsizing if not going out of business and that has … (9 comments)
mortgages: Feds, Fraud & Funds - The Fleecing of America - 09/24/08 11:20 AM
Is everybody happy? It doesn't appear to be so! At least not on the hill. As congress prepares to recess and with nearly six weeks to the presidential election, there's the making of a non-partisan squabble over President Bush's hastily contrived bailout legislation. I am convinced that assistance from the government … (0 comments)
mortgages: When the Chips Are Down, It's Time To Fold and Sell - 09/12/08 03:52 AM
In hindsight do you think a $40 million compensation package was appropriate for the CEO of a company teetering on the precipice of an implosion?
And so it goes, Lehman Brothers, one of the oldest wall street firms boasted huge profits at the end of 2007, Only to show enormous write … (2 comments)
mortgages: World Markets Respond to Freddie & Fannie Bailout - 09/09/08 02:53 PM
Alas, I hear the cry.............The global voices have spoken in response to the Freddie & Fannie bailout. Could it be that they were reading our blogposts and all of the attached commentary? The initial excitement has given way to a pause. There is a need to understand the American plan for … (0 comments)
mortgages: Measure For Measure at 5.3 Trillion Dollars In Assets - 09/07/08 08:36 AM
There has been a lot of chatter about the Fannie Mac and Freddie Mac dilemma. The comments have run the gamut from the impact on the foreign investors to the impact on the national housing market. So the question becomes what is the real skinny on the issue? Well today the … (29 comments)
mortgages: Feds To The Rescue - 08/27/07 09:58 PM
If you did'nt realize the magnitude of the problem, that predatory lending and the foreclosure meltdown is causing, take note. The Federal Reserve's cash infusion of $38 billion and the cutting of the discount rate has yet to stem the bloodletting in the mortgage industry. The high mortgage delinquency rate continues to … (1 comments)
mortgages: Equity Investment Provides For A Life Line - 08/23/07 10:59 AM
Thomas Frankito alluded to an arrangement between Bank of America and Countrywide in his blog post entitled "Bank of America Looking at Countrywide", back on January 30, 2007.
Clearly there were signs of strain to those in the industry. Those who understood the make up of Countrywide's portfolio of loans and … (9 comments)
mortgages: The Real Estate Symposium - 07/23/07 08:48 PM
National Association of Real Estate Brokers, Region II (New York & New Jersey) Presents The Real Estate Symposium The Residential Real Estate Market: Current and Future Keynote Speakers: Diane Johnson - New Jersey Field Office Director, Dept. of Housing and Urban Development John Hill - Area Sales manager, Citimortgage Jacqueline O'Garrow … (0 comments)
mortgages: There Goes The Neighborhood - 02/10/07 08:49 AM
Many grassroots organizations and elected political officials have worked tirelessly to enact legislation to assist Americans in rural and urban areas with access to adequate banking services. In part those efforts have resulted in the creation of the Community Reinvestment Act (CRA). This act has provided many Americans with the opportunity … (1 comments)
mortgages: Nothing Personal....................It's Just Business - 12/23/06 01:39 AM
Have you ever had that well intentioned client, who thought that everyone else was equally inclined? It is the making of a DAYMARE that goes to into night! Let me start from the beginning. I received a corporate relocation referral on February 15, 2006 for a three family, owner occupied property. This is … (5 comments)
mortgages: Financing Your First Home May Be Easier Than You Think - 12/01/06 07:56 AM
For many people, wondering how to afford a home at all is an overwhelming question. But this is often due to misconceptions which keep the customer from knowing what to do.
With the right information you can set aside most of your concern about affording a down payment and financing a … (2 comments)
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Citigroup, thought to be one of the more conservative players in the financial industry, hasn't gone unscathed by the mortgage meltdown. While, Citgroup has not made a play to acquire any struggling competitors, it has likewise not been a target for a takeover.
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