As the previous post mentions, Citigroup CEO Vikram Pandit was in town yesterday to speak at Washington University. He also visited with employees of the CitiMortgage division in O’Fallon, Mo., and announced some updated results for the company’s foreclosure prevention efforts. In the…

St. Louis lacks resilience in the way it has responded to mounting mortgage foreclosures, a new academic study says. The study, published by the MacArthur Foundation, says that while local non-profit groups have ramped up their efforts,

The weakness is that the resources…

I wrote in December that the Renaissance Hotel’s bondholders held the keys to the hotel’s future. After today’s foreclosure sale, they quite literally hold the keys to the property.

Bond trustee UMB Bank has used modern technology, like conference calls and the Web, to…

The Renaissance Hotel in downtown St. Louis isn’t likely to change flags as a result of a pending foreclosure action, the trustee for the hotel’s bondholders says. The trustee, UMB Bank, posted a disclosure notice following a conference call last Thursday with bondholders.…