Citigroup Selling Servicing Rights as Banks Retreat The U.S. mortgage market’s largest lenders like Citigroup are pulling back amid looming regulations and a drop in refinancing that fueled record profits last year. Bloomberg via National Mortgage News Citigroup Inc., the third-biggest U.S. bank, is selling mortgage-servicing rights on $63 billion of loans, or about 21 […]
Paul Owers wrote a great piece about Florida buyers paying above appraised value for their dream homes Ryan Williams had been house hunting, off and on, for two years. He finally found the perfect place in Pompano Beach, a four-bedroom home with a pool and a two-car garage. He ended up paying $490,000 — even though the […]
Enigmatic Bid And Cryptic Answers Make It Appear Shenanigans Are Afoot With $6 Million Pandemonium erupted in Detroit media last night and today when it was announced that a doctor from suburban Houston named Jill Van Horn was the top bidder for the abandoned Packard plant on Detroit’s east side with a winning bid of […]
Conservative or Liberal. White or Black, Politicians All Over Michigan Are Looking For A Free Handout For over a century, Roma Cafe has witnessed Michigan and Detroit’s rise and fall. The story of Roma Cafe also shows the optimism Detroiters have toward the future of the city. “Money and corruption are ruining the land, crooked […]
Angela’s Agenda: Germany’s Dream Of European Conquest The Der Spiegel Staff wrote a great piece about Germany’s dream of European conquest Angela Merkel’s domestic policy in her third term will likely be confined to higher spending. But she has grand plans for Europe. SPIEGEL has learned she wants Brussels to have far more power over national […]
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