Fannie Mae: 3 reasons why this oil glut won't crash housing

The Wrap: Appraisal activity continues to pick up in second week of August

Appraisal Foundation joins HousingWire

What should you do if your Realtor has a family emergency?

But you’re ready to make an offer now

Items Tagged with 'Citigroup'


FDIC sues 3 banks over faulty mortgage-backed securities

Citigroup, US Bancorp now in the limelight
The Federal Deposit Insurance Corporation sued Citigroup and US Bancorp, along with the Bank of New York Mellon, on Wednesday in an attempt to get back more than $695 million that it lost from selling shoddy residential mortgage-backed securities once owned by a failed Texas bank.
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Guess how many bank CEOs made Glassdoor’s list of the highest rated CEOs?

Here's a hint…not many
For those who don’t know, Glassdoor is a website where a company’s employees (and former employees) can leave anonymous reviews of the company and tell other employees (or prospective employees) what it’s really like to work there. So how many bank CEOs made the top 50 in Glassdoor’s 2015 list of the highest rated CEOs? Not very many as it turns out.
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From HW Magazine

Low-hanging fruit

Small doc management companies make tempting M&A targets
Every day, a new crop of technology companies works to develop solutions to solve something inefficient in the housing industry. And every day, they have to look over their shoulders.
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Citigroup net income jumps $4.45 billion in 1st quarter

Rises from $350 million in 4Q14 to $4.8 billion in 1Q15
Citigroup reported net income for the first quarter 2015 of $4.8 billion, or $1.51 per diluted share, on revenues of $19.7 billion. The results of the first quarter were a dramatic reversal from 2014’s fourth quarter when Citigroup reported a net income of $350 million, or $0.06 per diluted share, on revenues of $17.8 billion.
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Report: Citigroup forgot to send 23,000 settlement checks

Still owes $20 million as part of Independent Foreclosure Review
According to a report from Bloomberg, Citigroup did not send settlement checks to approximately 23,000 borrowers who are eligible for payment under the Independent Foreclosure Review and is now preparing to mail out $20 million worth of checks to those borrowers.
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From HW Magazine

Big banks, big returns?

Some of the nation's largest financial institutions offer better deals at low risk
The real no-brainer, however, is to look at how the bank performed in the last downturn. Invest in one that not only didn’t need a bailout but one that didn’t take major risks for the sake of short-term versus long-term gains.
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