Forex kitty jumps $3.2 billion to $276 billion The value of the country’s foreign exchange reserves rose $3.2 billion during the week ended june 18, largely on account of the dollar weakening against major currencies.
The nation’s fourth-largest bank reported a third-quarter profit of $2.64 billion, or 56 cents per share, after paying preferred dividends, up from $1.64 billion, or 49 cents per share, a year ago.
Third-quarter net income advanced 6.6% to $3.44 billion, or $1.07 a share, from $3.23 billion, or $1, a year earlier, the New York-based company said on Tuesday in a statement.
Citigroup posts $2.2 billion profit. The provision for credit losses, the funds set aside for the allowance of bad loans, was reduced to $5.9 billion, the lowest since the second quarter of 2007, prior to the onset of the financial crisis. That’s a decrease of 11% from the previous quarter and nearly 35% from a year ago.
FHA REO inventory up 47% from one year ago PDF Housing Market Indicators Monthly Update – huduser.gov – 6.2 months in July but higher than 6.0 months one year ago. Inventory was up 13.2 percent year-over-year to 318,000 available properties, the most since February 2009. The listed inventory of existing homes for sale represents a 4.3-month supply, the same as the previous month, but slightly higher than a year ago (4.1 months).
Citi was able to grow profits despite a small drop in revenue compared to a year earlier. The bank’s revenue was $18.39 billion in the quarter, down from $18.42 billion a year earlier.
The third-quarter results released Thursday marked the 19th straight profitable quarter for the government-controlled company. washington-based Fannie Mae said it will pay a dividend of $3 billion.
Agencies team up to aid thousands of homeless vets Ocwen’s road ahead: Well, can’t get any worse The Centauro’s road manners are impeccable. The suspension and brakes are top shelf components. The rear brake is particularly impressive. It is the best I have encountered on a stock bike. Let’s move from best to worse. The Centauro has the worst kickstand ever, hands down, no contest. You must get off the bike to put the kickstand down.Hundreds, perhaps thousands, of veterans of Iraq and Afghanistan are already homeless, and each year their numbers grow larger. That’s why Project Homeless Connect has teamed up with the City of San Francisco, the VA Medical Center, Swords to Plowshares and a coalition of businesses and non-profit organizations to help homeless veterans.
Citi Posts $2.8 Billion 3rd-Quarter Loss. Citigroup on Thursday reported a $2.8 billion loss for its third quarter, as the banking giant took more than $13.2 billion in charges related mostly to its store of toxic mortgage assets. The quarterly loss, its fourth in a row, was a stark reversal from the $2.2 billion it earned at.
Citigroup released. costs clocked in at $1.9 billion. Compare this to just $458 million in expenses of the same nature in the third quarter of 2015, and you’ll get a good picture of why Citigroup.
The New York-based bank earned $4.62 billion in the third quarter, up from $4.13 billion a year ago. Citi earned a profit of $1.74 per share, which was better than the $1.68 a share that was.
Citigroup also noted its effective tax rate fell to 24 percent in the third quarter from 31 percent a year earlier. That pushed third-quarter profit up 21.8 percent on a year-over-year basis.
A Citigroup spokesman declined to comment. The Washington Post. several billion dollars. At the end of the third quarter, Citi said its past losses were valued at about $38 billion, allowing it to.
June kudos: celebrating milestones, launches and awards in the mortgage industry Insurers, Lenders Fight Over Foreclosure’s Policy Impact U.S. lenders already facing intense scrutiny from lawmakers and regulators over questionable foreclosure practices will likely face class-action lawsuits on behalf of thousands of homeowners.March Kudos: Celebrating milestones, launches and awards in the mortgage. mello Brand Into New Real Estate and Home Improvement Business Lines.