200 Banks at Risk to Fail in 2012

Day: May 13, 2012

200 Banks at Risk to Fail in 2012

200 Banks at Risk to Fail in 2012

According to a recent report released by Trepp, there are more than 200 banks earmarked for likely failure in 2012. Three have already failed. Georgia has the largest concentration of those identified (41), followed by Florida (32), Illinois (24), and Minnesota (12). The stats represent a slowdown from this same time last year, with 22…  Continue Reading

Read More
Rentals Overshadow Retail

Rentals Overshadow Retail

The latest numbers from Zillow’s Rent Index are out, and rentals are up across the country. The rent index rose 2% in February 2012 over 2011, while the Home Value Index fell by nearly 5%. In February, foreclosure sales accounted for 20% of all home sales. “The rental market remains especially strong in areas that…  Continue Reading

Read More
Fannie Mae Avoids Q1 Bailout

Fannie Mae Avoids Q1 Bailout

Taxpayers are getting a little breather as Fannie Mae turned a profit at $3.1 billion, passing the $2.8 billion required Treasury payment. This is the first time since going into conservatorship in 2008 that the GSE hasn’t required a draw. Fannie’s CFO, Susan McFarland, is anticipating continued strong performance results. “Our credit performance is headed…  Continue Reading

Read More