This is ominous…but we have talked about this for 6 months. It doesn’t take a Rocket Scientist to figure out these banks took advantage of home buyers.
In turn their “home buyers” are paying the price and know the banks are dying a painful death. that does this mean…More REO’s and more Short Sales! Rancho Cucamonga California is beleaguered with almost 400 distressed properties on the MLS. This is almost 50% of the current MLS listings on the market for Rancho Cucamonga.
Huge Thanks To HREU Student Camille Roncek Dickson for this info!
In case you might be interested, here is a list of the Government watch list for banks that may be in line to fail and require the FDIC to step in as they did with Indy Mac bank.
Archive For writedowns and distress
- Citigroup – $83.3B/$36B/$22.7B (7)
Posted on July 18, 2008 9:03 AM - Merrill Lynch – $47.25B/$34.4B/* (1)
Posted on July 17, 2008 8:36 PM - JP Morgan Chase – $11.0B/*/$6B (3)
Posted on July 17, 2008 7:15 AM - Wells Fargo – $2.9B/0/$23B (2)
Posted on July 16, 2008 12:40 PM - US Bancorp – $1.6B/*/* (0)
Posted on July 15, 2008 12:13 PM - National City – $200M (0)
Posted on July 14, 2008 5:45 PM - Lehman Brothers – $7.2B/$6B/$42 (2)
Posted on July 11, 2008 10:05 AM - Wachovia – $6.8B/$10.5B/$30.4B (4)
Posted on July 10, 2008 11:23 AM - Bank of America – $4.4B/*/$31.4B (4)
Posted on July 8, 2008 12:16 PM - Barclay’s PLC – $6.4B/$7.8B (0)
Posted on June 30, 2008 6:02 PM - HBOS PLC – $2.5B/$4B (0)
Posted on June 25, 2008 1:45 PM - Canadian Imperial Bank of Commerce(CIBC) – $6.7B (0)
Posted on June 23, 2008 11:44 AM - Morgan Stanley – $23.2B (0)
Posted on June 19, 2008 1:38 PM - Fifth Third Bancorp – $155M/$2B (0)
Posted on June 18, 2008 5:16 PM - Goldman Sachs – $6.2B (3)
Posted on June 17, 2008 5:15 PM - Washington Mutual – $1.6B (2)
Posted on June 14, 2008 5:35 PM - Royal Bank of Scotland – $3.6B/$24B (2)
Posted on June 4, 2008 5:34 PM - Societe Generale SA- $13.7 /$8.5B (0)
Posted on June 4, 2008 3:08 PM - BNP Paribas SA-$2.5B/ $0 cash (0)
Posted on June 4, 2008 2:39 PM - UBS – $45.0B/$41.5B (2)
Posted on June 1, 2008 11:22 AM - Royal Bank of Canada – $1.4B (0)
Posted on May 29, 2008 6:07 PM - Bank of Montreal (BMO) – $611M (0)
Posted on May 29, 2008 1:02 PM - Mizuho MFG – $5.4B (0)
Posted on May 22, 2008 2:09 PM - Bayern LB – $9.8B (0)
Posted on May 19, 2008 7:42 AM - WestLB AG – $4.8B (0)
Posted on May 19, 2008 7:35 AM - Natixis – $3.4B (1)
Posted on May 19, 2008 7:31 AM - HSBC Bank PLC – $6.6B (0)
Posted on May 19, 2008 5:32 AM - Credit Agricole SA-$13.8B (0)
Posted on May 12, 2008 5:18 PM - Credit Suisse – $5.95B (0)
Posted on May 2, 2008 5:20 PM - Deutsche Bank – $18.6B (1)
Posted on May 2, 2008 5:19 PM - Mitsubishi Financial Group – $760M (0)
Posted on April 23, 2008 12:54 AM
