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$257M of CRE Loans on the Block

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Carlton Group said it is auctioning $257 million of first mortgages on a variety for commercial properties for "a major financial institution" that the investment bank did not identify.

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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