On the heels of the bad news from Citigroup regarding their bad 4th quarter and good news from Chase regarding their 4th quarter, I decided to combine some of the reports from the rest of the bank’s all in one post just to get it all over with certain move on [...]
When I wrote my article on Blacks And Hispanics getting higher mortgage rates, the bank I mentioned at the time was my favorite whipping boy, Citigroup. Seems that another bank is being called onto the carpet for doing the same thing.
Memphis and Baltimore have called out Wells Fargo for doling [...]
The Treasury Department today gave GMAC Financial Services another $3.79 billion dollars, bringing the total amount they’ve been given to more than $16 billion and, in effect, giving the government 56% ownership in the company. Who needs a quick loan?
Supposedly, this new money is to help shore GMAC up to [...]
On Monday, the Treasury Department decided it was time to get tough with mortgage lenders who have been participating with the government’s program to help people modify their loans to more affordable rates so they have a better chance on keeping their homes and being able to pay their mortgage for [...]