Will You Get Your Piece of Citigroup’s 35.6 Million Back?
Posted By admin on February 3, 2009
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Citigroup once again is leading the mortgage industry in a revolutionary way by increasing its lending by 36.5 million. This boost or increase in lending was prompted by taxpayers, though. Taypayers wanted to know what has Citigroup done with the 45 million it received from the federal government last year.
According to Citigroup, the 45 million that it received was not for direct lending to consumers, but for leverage to allow Citigroup to receive funds from other funding sources and lend that new money out to consumers. According to an Associated Press article, “A bank makes money by borrowing cheaply for the short term and lending at higher rates for the long term; if a bank has no capital, other institutions and investors won’t lend to it.”
If you are interested in getting a loan try Citigroup first. It is ready to lend.
Taylor-Brown's Related Post s' Related Posts - Commercial Real Estate - Latest News Image via WikipediaLatest news in commercial real estate from around the blogosphere: Congressional Oversight Panel Analyzes Commercial Real Estate ... 12, 2010 - The Congressional Oversight Panel today released its February oversight report, "Commercial Real Estate Losses and the Risk to Financial Stability." The Panel is deeply concerned that a......
- What Involved in Purchasing a Property as an Investor If an investor is interested in an investment property that is 60,000. The investor acquires a loan for 90% of that amount. By the way, if the property is located in an area that is deemed declining then the mortgage company will require more down, so you may have to do......
- Breaking News for Investors On August 1, 2008, Freddie Mac changed its guidelines. Those changes are affecting investors who finance the property in their portfolio and have those properties under the entity, limited liability corporation (LLC). Freddie Mac backs many of the conforming loans on the secondary market, so any changes in the......
- Thinking of Becoming a Real Estate Investor Thinking of becoming a real estate investor? The first thing that will make this endeavor achievable is that the investor must understand his or her market. There are two different types of markets. One type of market is a seller’s market, and the other type of market is the buyer’s......
- Interview with Attorney Siegel on "The New Rules for Mortgages" Dale Robyn Siegel is a licensed attorney in New York and owner of Circle Mortgage Group, a boutique mortgage broker in Westchester, New York. She is an adjunct professor at Baruch College as well as NYU Schack Institute of Real Estate. She is currently on a mission to re-educate......
- Top 10 Reforms To Make The US Federal Government Better Government, specifically Congress, is the world's most famous debate club. CSPAN's coverage of how we make government work is riveting,...
- How to Get a Job with the Federal Government So you are job searching and have turned your eyes towards the Federal government. After all, the chances of losing...
- How The Federal Government Prints Money You hear the media play on this term all the time. "The government is just printing money to...." Every time...
- Ben Bernanke Wants Personal Finance Blogs Out Of Business! According the the Wall Street Journal Economics Blog Fed chairman Ben Bernanke, in a speech today, stated the importance of...
- What Statue or part of the Constitution gives the Federal Government authority over State Government ? I can find no part of the Constitution or Statue that gives the Federal government any authority over undocumented persons...
About the author
Another Title…
I saw this really great post today….
Wow, this blog is definately getting bookmarked. Great Info all over the place.
Kudos for creating such a creative site. this website was not just useful but also very stimulating too. There are a limited number of experts who can think to create not so easy articles that creatively. we keep searching for knowledge on this topic. I Myself searched through many blogs to find knowledge regarding this.We look forward to much more !!
Thank you for all the detail!! Still an additional amazing way of looking at things, that’s the key reason why My spouse and I arrive to the web log habitually.
DARCY
Your site looks great and reads even better! You share some great opinions and insight here. Always looking for motivating blogs to keep mine going!