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Bank Owned Real-Estate Headlines

  • Feinberg Says He Spoke With Goldman Sachs CEO About Compensation Plans
    It is good we are seeing more compensation that is based on performance of the stock of a firm and not large cash payments that could encourage one-time bumps in earnings for bonuses even if they are putting the firm into more risk.   Over time this will also help shareholders because everyones goa ...
  • Jobless rate falls to 9.7 percent in January - its due to discouraged workers not true gains
    This news does sound good on the outside but when you read into the report you find that we still shed 86,000 jobs after you add in the gains.  Also and this is the biggie, the drop to 9.7% is because people simply gave up looking for work and fell off the unemployed rolls and [...] ...
  • Former Bank of America CEO Ken Lewis Sued by NY AG for Fraud
    Good to see proper investigations are to taking place after this massive financial fraud that was bought to bear on people across the globe.   In this case they are looking into the $16 billion dollars in losses that Merrill allegedly knew about when it was being acquired by BofA after the failure ...
  • Fannie Mae Gives 3.5% Discount on REO Home Purchases
    This is pretty big news.  That is a pretty decent discount on a purchase on real estate listed on HomePath.com.   That kind of discount should get some inventory moving from Fannie Mae.  I was browsing through the inventory and if you are looking at the areas with the most exposure to subprime lo ...
  • Ex-Fed Chairman Paul Volcker to urge curbing risky trading by commercial banks
    I fully support Mr. Volcker’s stance on this issue.  Even though it is extremely profitable for commercial deposit taking banks to do trading on their own books, they should either convert into a investment bank or stick to lending which is still very profitable if done properly.  As I have ...

CNN Real-Estate Headlines




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