Down Go the MREITs
My prediction is that Annaly is very close to the death spiral and American Capital Agency will soon follow it
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
My prediction is that Annaly is very close to the death spiral and American Capital Agency will soon follow it
Read MoreThe number of delinquent loan balances at BOFI doubled between June 30, 2014, and September 30, 2014, which indicates that the bank’s loan book could quickly melt down.
Read MoreWhat is even more worrisome is that the number of bank repossessions, or REOS, increased by 49% between February and March 2015, RealtyTrac reported. The bank repossession rate hit a 17-month high and rose to a rate that was 25% higher than for March 2014. These statistics indicate that the foreclosure crisis has returned with a vengeance, folks.
Read More