Blog Profile / Mortgage Lender Implode-O-Meter

Filed Under:Business & Finance / Mortgage & Banking
Posts on Regator:20977
Posts / Week:43.4
Archived Since:April 25, 2008

Blog Post Archive

Apollo Sets Record With $24.6B Capital Raise For New PE Fund (PEAKY??)

Apollo Global Management has raised an extraordinary $24.6 billion in capital commitments for its ninth buyout fund, according to regulatory filings with the U.S. SEC.The new fund, named Apollo Investment Fund IX, L.P., will reportedly invest in North American and Western European buyout opportunities. Show More Summary

Treasury Ends Obama-Era Program to Help Workers Save for Retirement

An Obama-era program that created savings accounts to help more people put away money for retirement is being shut down by the Treasury Department, which deemed the program too expensive....President Barack Obama ordered the creation of these so-called starter accounts three years ago, and they became available at the end of 2015. Show More Summary

Mark Hanson Reveals "The Next Housing Bubble"

``... "so, 2006/2007 was the largest house price bubble ever, but there is nothing to see here in 2017?" and sarcastically points out that "if this isn't a house price bubble, I would hate to see one."''

Wells Fargo broadsided anew with an auto insurance sales scandal

An internal review of the bank's auto lending found more than 500,000 clients may have unwittingly paid for protection against vehicle loss or damage while making monthly loan payments, even though many drivers already had their own policies, Wells Fargo said in a statement late Thursday. Show More Summary

Wall Street is bailing on Starbucks after lower sales guidance

``Starbucks shares fell 7 percent in Friday's session after the coffee chain projected weaker than expected global comparable sales growth of 3 to 4 percent for the fiscal fourth quarter.''

Despite "Good" GDP Print (2.6%??!!!), Wages Continue to Lag (FLUMMOXING FED)

``There was, however, little inflation in the economy in the second quarter and wage growth decelerated despite a tightening labor market. That could put the Federal Reserve in a tight spot as it looks to raise interest rates one more time this year.''

Germany fails to honour its part of the Greek bailout deal

``The Süddeutsche Zeitung article informs us that Germany receives 1.34 billion euros a year in profits from funds loaned to the Greek government under the various bailouts... However, the Süddeutsche Zeitung article reports that despite allocating the funds as commitments for that fiscal year, the funds were never sent to the Greek government as promised.''

Senate blocks 'skinny' Obamacare repeal bill in dramatic late-night vote

The Senate blocked the latest Republican attempt to repeal Obamacare in a dramatic floor vote early Friday morning, yet again stalling -- for now -- the key campaign goal that eludes the GOP six months into the Trump administration. Three GOP defections -- Sens. Show More Summary

Amazon: Ugly Q3 Guidance Easily Predicted (& STOCK GUT-CHECKED -6%(+) FROM DAY'S HIGH)

Amazon guided to a potential Q3 operating loss of up to $400 million. Somehow, analysts were up at a consensus operating income of $950 million despite the historical knowledge that the company expands retail growth at the costs of profits. Show More Summary

Libor Funeral Set for 2021 as FCA Abandons Scandal-Tarred Benchmark

The U.K. Financial Conduct Authority will phase out the key interest-rate indicator by the end of 2021 after it became clear there wasn't enough meaningful data to sustain the benchmark that underpins more than $350 trillion in securities, Andrew Bailey, the head of the regulator, said in a speech Thursday at Bloomberg's London office. Show More Summary

Starbucks to close all Teavana stores by spring 2018

``Starbucks will shutter all 379 Teavana locations by spring 2018, the company said Thursday... the coffee giant said last quarter that many of its Teavana mall stores were a drag on its results, with as many as 350 of these stores hurt by reduced foot traffic. Show More Summary

Does Specialized Loan Servicing Discriminate Against People of Color?

Elderly Black Man Forced To Climb Through Window to Get In His House After Being Locked Out By Specialized Loan Servicing During Foreclosure Fight. 

Republicans Kill Border Adjustment Tax

A statement Thursday from the so-called Big Six - Ryan, Brady, White House economic adviser Gary Cohn, Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell and Senate Finance Committee Chairman Orrin Hatch - said...Show More Summary

The rise and fall of the property-owning democracy (UK)

``[The rise in poverty and inequality] was precisely what the property-owning democracy was designed to stop. Aspirational working class people were supposed to identify with those further up the income scale, not those further down....Show More Summary

Fulfillment Center Warehouse Jobs Give New Life to Sleepy Towns

``Entire towns are becoming hubs for these "fulfillment centers" that offer internet retailers the ability to move their boxes more quickly from your click to your doorstep. The million-square-feet, jobs-building juggernauts also give...Show More Summary

New York Times stock up 70 percent since election; at nine-year high ("FAILING")

``After posting strong earnings Thursday, The New York Times Company shares have surged to a nine-year high. The company has seen a sharp increase in digital subscriptions, largely attributed to the "Trump effect," since last November's election.''

Subway-Station Naming Rights May Be Sold in NYC to Pay for Fixes

For $600,000, a donor may participate in an "adopt-a-station" program and help pay for amenities such as WiFi and stepped-up cleaning, Governor Andrew Cuomo said Thursday during a Manhattan breakfast speech to business leaders. For $250,000,...Show More Summary

Bezos is world's new richest man at $91.4 bln

``A 2.5% rise in Amazon shares on Thursday means Mr Bezos's wealth has now eclipsed the Microsoft co-founder by $1.4bn, according to Forbes. Mr Bezos, 53, owns about 17% of the shares in Amazon, whose value has now exceeded $500bn. The online retailer reports second quarter results after Wall Street closes on Thursday. Show More Summary

Fact-Checking Website Snopes About To Collapse

Snopes Owner David Mikkelson Accused of Embezzling Money From The Company For Prostitutes And Lavish Trips

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