Relevant:
- Citigroup CEO Pandit and president resign in surprising shake-up; Michael Corbat is new CEO
- Whalen: Benefits of QE Are Diminishing Due to Burden of Regulations
- Mortgage Crisis Presents a New Reckoning to Banks
- Here's That Devastating Chris Whalen Report On The Coming Crisis For The Banks
- Flood of foreclosures: It's worse than you think
2012-11-01 — bloomberg.com
Not everyone is convinced that housing is back. Banks are slowly selling off repossessed homes; that overhang will curb any upward price movement, said Chris Whalen, senior managing director at Tangent Capital Partners LLC. Too few would-be homebuyers can qualify for mortgages from banks that, because of tighter regulations, are reluctant to extend credit.
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