Brian Kelley posted Bank | 2 days ago
A bank is a large impressive building where you keep the government's money until your taxes are due
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Brian Kelley posted Bank | 2 days ago
A bank is a large impressive building where you keep the government's money until your taxes are due
Philip Blumberg posted Failed Bank Loans Pique Bid Interest | Dec 24, 2009
According to a Wall Street Journal article more than a dozen investors have submitted bids to the FDIC to buy a $1.1 billion package of CRE loans extended by failed banks, including loans held by Franklin Bank, IndyMac Bank and other failed lenders. The FDIC is expected to announce the winning...
Philip Blumberg posted Treasury Announces New, Lower Projections for TARP Costs | Dec 7, 2009
The Troubled Asset Relief Program is seeing a higher than expected repayment rate from banks and the White House now expects the program to cost taxpayers $141 billion, although earlier this year the CBO estimated it is likely . As recently as August, some officials expected long-term costs to reach...
Philip Blumberg posted CRE Loan Default Rates Expected to Hit 4% By New Year's Day | Nov 30, 2009
Real Estate Econometrics released fourth quarter projections for bank-held commercial mortgages and the outlook isn't great. The New York-based firm expects rates to reach 4% at year end 2009, down slightly from a possible 4.1%, which can be attributed to "FDIC’s policy changes that will give...
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