Blackstone Funding

Blackstone Funding Largest U.S. Single-Family Rentals

John Gittelsohn & Heather Perlberg from Bloomberg wrote a great piece about Blackstone Funding Steve Schwarzman’s Blackstone Group LP (BX) has spent $7.5 billion acquiring 40,000 houses in the past two years to create the largest single-family rental business in the U.S. The private-equity firm is now planning to sell bonds backed by lease payments, the latest step in […]

Citigroup

Citigroup Follows The Herd Of Bankers Selling Off Servicing Rights

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 […]

Florida buyers

Here We Go Again! Florida Buyers Paying Above Appraised Value For Their Dream Homes

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 […]

Rebecca Mairone

Jury Finds Countrywide Hustler Rebecca Mairone Guilty

Even After Verdict Defiant BofA Execs & Rebecca Mairone Still Pleading Innocence Nate Raymond at Reuters wrote a great piece about Rebecca Mairone aka the Countrywide Hustler Bank of America Corp was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the […]

Sharia law

Could Sharia Law Have Stopped The U.S. Housing Crisis?

Under Islamic Sharia Law, Bankers Who Overcharge Will Float In A River Of Blood I found this video about Sharia Law by Imam Karim Abuzaid from the Colorado Muslim Society in Denver. A woman calls into his cable access show and asks if she should finance the home she wants to purchase.  Imam Karim explains the […]

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