If you are still in Citibank or any big bank for that matter, you might need to see this
(wallstreetonparade.com)
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Back before the 2008 crash, Citibank was making 2nd mortgages at 125% of value with no appraisal and no proof of income. Here is an example: Bob's house was worth $100k, but he told Citibank that it was worth $150k and they took his word for it. He owed $80k on the first mortgage and Citibank loaned him $107,500, so he owed a total of $187,500 on a house worth $100k. Oh, and no proof of income that he could possibly pay the loan back.
As the crash was becoming more and more imminent, I believed that Citibank would be the first to collapse. The fact that Citibank didn't collapse at all was a giant red pill for me.
You know this was happening with Bank of America also, right? I know this because west coast, they were pushing loans like candies at Halloween.
Ah yes, the promise land of No-Doc loans and Stated Income 😂 what could go wrong?