According to Moody’s, all may not be rosy with several of the largest of the Too-Big-To-Fail (TBTF) banks. More specifically, Moody’s Investors Service has just placed the deposit, senior debt, and senior subordinated debt ratings of Bank of America Corporation (A2 senior), Citigroup Inc. (A3 senior), Wells Fargo & Company (A1 senior), and their subsidiaries […]

According to Forbes’ recent article, Is Fannie Bailing Out The Banks?,  the critics of the giant banks, say ABSOLUTELY. Close observers charge that Monday’s mortgage-putback deal between Bank of America and Fannie Mae and Freddie Mac is nothing more than a backdoor bailout of the nation’s largest lender. And the even bigger question is whether this just the beginning?
The […]

Bloomberg today reports that the Federal Deposit Insurance Corp. (FDIC) plans to seek bids for about $1.12 billion of commercial and residential real estate loans as part of the agencys sale of assets seized from failed banks.

The scheduled sales are composed of about:

$773 million in residential acquisition, development and construction loans
$351 million of debt related to […]

When banks fail, who’s getting their hands on the distressed properties taken over by the Federal Deposit Insurance Corp (FDIC)?

Here is one of the pieces of the distressed market puzzle ……
Read the full WSJ article.

The Opportunity: A partnership between Colony Capital LLC and a minority-owned investment firm won the bidding for a $1.85 billion portfolio […]