Foreclosure: The Movie… (finally!) coming to a screen near you

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane

Capstone demands Altisource family divorce

Calls for Altisource Residential to terminate Altisource Asset Management agreement

Morgan Stanley pays $2.6 billion in mortgage-bond settlement

Linked to subprime-era RMBS
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Items Tagged with 'Citigroup'

ARTICLES

Citigroup leverages Zillow to grow online mortgage lending

Creates digital marketing alliance
Brena Swanson
Citigroup is putting greater emphasis on its lending operations. And the way it’s choosing to do so falls right in line with where the industry is heading.
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From HW Magazine

REITs riding high

But for how long?
HousingWire Staff
Feared rate increases are likely to come slowly given the general slowdown in global economic growth, which means even the less diversified REITs could still have a good run for the immediate future.
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Nomura fighting back against FHFA toxic mortgage lawsuit

Claims U.S. unit “did nothing wrong”
Ben Lane
Nomura Holdings reportedly does not want to settle with the Federal Housing Finance Agency because it claims that its U.S. unit did not knowingly sell bonds backed by fraudulently originated loans to Fannie Mae and Freddie Mac in the run-up to the crisis.
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Citigroup 4Q net income tumbles to $350M

Income dented by legal fees
Brena Swanson
Citigroup's fourth-quarter earnings were significantly impacted by higher operating expenses. But despite the tough year, Michael Corbat, CEO of Citigroup, said the difficult year helped to pave the way for a strong 2015.
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Reuters: DOJ collects $24.7 billion in settlements in 2014

JPMorgan Chase & Co., Citigroup, BofA among biggest settlements
Levi Shultz
The U.S. Department of Justice reported a total of $24.7 billion in settlements for fraud and other cases in 2014. Approximately $11 billion came from settlements with JPMorgan Chase & Co. and Citigroup, along with $16.65 from Bank of America.
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Citi 3Q earnings revised down

Adds in $600M increase in legal costs
Brena Swanson
Citigroup lowered its third-quarter net income due to a $600 million increase in legal accruals.
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Massive subprime mortgage bond portfolio ready to trade

Interested in subprime bonds? More than $2.4 billion is available now
Ben Lane
According to bond analytics firm Interactive Data, the $4.6 billion portfolio of vintage debt is the largest of 2014, surpassing the January liquidation of the ING US portfolio from the Dutch State Treasury Agency, which checked in at $4.3 billion.
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Citigroup 3Q revenue jumps to $19.6B

Beats analyst expectations
Brena Swanson
Citigroup reported an increase in its third-quarter earnings, with its revenue beating analyst expectations and rising to $19.6 billion.
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Earnings preview: Wells Fargo, JPMorgan, Citi kick-start earnings Tuesday

So far, housing remains lukewarm in 3Q
Brena Swanson
Tuesday marks the next round of bank earnings, with Citigroup, Wells Fargo and JPMorgan Chase once again paving the way for the housing and financial markets. Here’s where the market is predicting earnings will go.
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$1 billion in subprime mortgage bonds just exchanged hands

Package featured bonds from Countrywide, Bear Stearns, others
Ben Lane
Per Interactive Data, $885 million of the $998 million in available debt was subprime mortgages issed by Countrywide and others. The remaining debt was made up of $73 million in bonds backed Alt-A fixed-rate mortgages and $40 million in Alt-A adjustable-rate mortgages.
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