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If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!by Jerome PennixBulk REO Investing is becoming one of the most lucrative avenues of investment during 2009 and in the future. Bulk REO Investors profit by purchasing multiple (commonly called portfolios) of houses from lenders who have repossessed the houses and have urgent need to eliminate pressure from their balance sheets. Due to the dire emergency of the balance sheet needs of the financial institutions couple

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News Sources wrote an interesting post today on
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High five to MC for prompting me to look harder at the burgeoning problems at Wells Fargo. A number of analysts on and off Wall Street have been pointing out specific issues within Wells Fargo’s balance sheet. CFO Magazine, a division of The Economist Group, recently wrote Wells Fargo: Ready to Blow? The CFO article prompted me to dig deeper. I unearthed Time to Call Out Wells Fargo’s Balance Sheet published by Michael Shulman at SeekingAlpha . I salute Mr. Shulman for his exhaustive

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News Sources wrote an interesting post today on
Here’s a quick excerpt
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!by Jerome PennixBulk REO Investing is becoming one of the most lucrative avenues of investment during 2009 and in the future. Bulk REO Investors profit by purchasing multiple (commonly called portfolios) of houses from lenders who have repossessed the houses and have urgent need to eliminate pressure from their balance sheets. Due to the dire emergency of the balance sheet needs of the financial institutions couple

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News Sources wrote an interesting post today on
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A: Out all day on appointments! Enjoy some interesting reading and feel free to suggest other links you found worthwhile in comment section! Ending the off-balance sheet charade (Rolfe Winkler) But another reason banks like off-balance sheet structures is that it enables them to manufacture profits. Coming up to the end of a quarter, if a company is a bit short of its earnings target, it can package some assets together into a security and “sell” them to an off-balance sheet entity. The e

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News Sources wrote an interesting post today on
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The Federal Flow of Funds report was released on Thursday with an expected jump in household net worth. When we did our last report, we stated that with the $13.89 trillion in wealth that evaporated to the trough, we would expect a jump in net worth to come from the massive stock market rally. The report shows this paper wealth gain that started at the end of Q1. Household net worth increased by $2 trillion from the first quarter to the end of the second quarter of 2009. Much of the increa

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