Short Sale Fundamentals » FDIC

Bank of America Versus the World

Cory Boatright — Fri, 02 Sep 2011 14:28:18 +0000

Bank of America seems to be taking on the world. No one is really saying it like that, but hey, I like to call a spade a spade. Basically in a midnight deal struck with Countrywide mortgage investors B of A has offered an $8.5 billion settlement meant to cover “subservicing requirements, specific terms for [...]

Bad Banks – Bye Bye

Cory Boatright — Wed, 24 Aug 2011 10:29:23 +0000

(Didn't that title just make you nauseous??) If you feel like judging the financial recession and housing crisis in terms of "how bad can things get" you might be in for a bit of good news. If, however, you look at "are things getting better" you've

Risky Assets Falling

Cory Boatright — Wed, 24 Nov 2010 14:07:21 +0000

What fills you with less confidence: seeing more money at risk of bad loans or seeing more banks at risk of bad loans? Basically, is it worse to have institutions fail or money be lost. That's essentially the situation this week. 31 new banks were

Bank Failures Coming

Cory Boatright — Wed, 01 Sep 2010 18:33:44 +0000

Duck! Your bank is falling! A few years ago, that would have sounded as absurd as "The sky is falling!" But that was a few years ago and we live in different times now. You've actually got to suspect that your bank might be falling. And suspect

The Way of All Banks

Cory Boatright — Tue, 23 Mar 2010 16:18:53 +0000

Seven more banks have shut their doors. And they're from all over the country: Alabama, Georgia, Minnesota, Utah, and Ohio. That's 37 closed banks for the year.

This new wave of closures will cost the FDIC $419.3 million for just the Geo

Mortgages Up For Grabs

Cory Boatright — Tue, 12 Jan 2010 15:56:55 +0000

The FDIC took on a lot of water this year, rescuing banks that were drowning under tons of bad loans. In doing so, they absorbed several billion dollars in defaults, distressed loans, and other toxic assets. And now it's come time to figure out what