This is an unofficial list of Problem Banks compiled only from public sources. Here is the unofficial problem bank list for May 17, 2013. Changes and comments from surferdude808: As anticipated, the OCC released its enforcement action activity through mid-April 2013 this Friday. What we did not anticipate was an early week failed-bank closure...
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New!
Unofficial Problem Bank list declines to 770 Institutions
Friday: Consumer Sentiment
From the WSJ: To Buy Bonds or Not to Buy: Fed Hawks, Doves Air Views The presidents of the Dallas, Richmond and Philadelphia Federal Reserve banks, long skeptics of the wisdom of the bond buying, said this week that they would like to see...
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Why “A” Students Work for “C” Students
As a member of our Investor Network, you know that I am a big fan of Robert Kiyosaki’s message and mission. Robert is the best selling financial author in the history of the world. And now he’s released what he claims to be “the...
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Real Estate Investing with a Solo 401(k)
The self-directed Solo 401k retirement plan offers powerful advantages for real estate investing. The Individual k or Solo 401k is an IRS-qualified retirement plan that has been simplified for the self-employed and small business owner. The structure of the plan gives participants more options...
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California Counties Top Foreclosure List
With Inland Empire foreclosures at pre-recession lows, Riverside County’s foreclosure rate dropped to No. 21 statewide in April. A total 1,403 mortgage default notices, auction sale notices and bank repossessions were recorded in April, meaning 1 in 566 households was in some stage of...
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Monday: Retail Sales
Monday economic releases: • At 8:30 AM ET, Retail sales for April will be released. The consensus is for retail sales to decline 0.3% in April, and to decline 0.1% ex-autos. Note: Some of the decline will be due to lower gasoline prices. •...
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Bank Failures #11 & 12 in 2013: North Carolina and Georgia
From the FDIC: Capital Bank, National Association, Rockville, Maryland, Assumes All of the Deposits of Pisgah Community Bank, Asheville, North Carolina As of March 31, 2013, Pisgah Community Bank had approximately .9 million in total assets and .2 million in total deposits. … The...
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Las Vegas Real Estate in April: Year-over-year Inventory decline slows
This is a key distressed market to follow since Las Vegas has seen the largest price decline of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported Local home prices rise again, according to GLVAR report GLVAR said...
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CoreLogic House Price Index Up 10.5%
CoreLogic today released its March CoreLogic HPI report. Home prices nationwide, including distressed sales, increased 10.5% on a year-over-year basis in March 2013 compared to March 2012. This change represents the biggest year-over-year increase since March 2006 and the 13th consecutive monthly increase in...
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