One couple recently offered $102,000 above the $798,000 list price for a 3-bedroom home. The house sold to someone else for $985,000. They bid on 11 homes before they finally purchased one listed at $799,900. They again bid about $100,000 over asking. Jobs and wages are on the rise. Buyers are newly urgent, fearful an era …
Buying a So. CA House: Writing love letters, bidding $100,000 extra Read More »
Senate Majority Leader Mitch McConnell says Dodd-Frank and the Consumer Financial Protection Bureau (CFPB) may be here to stay. That means the D-F supporters have more money to funnel to politicians than the opponents. READ MORE: https://www.consumerfinancemonitor.com/2017/05/18/senate-leader-mitch-mcconnell-skeptical-of-dodd-frank-reform/
Lawmakers are pressing the Federal Housing Finance Agency, which oversees mortgage financers Freddie Mac and Fannie Mae, to limit or stop the sale of foreclosed homes to firms that resell them under rent-to-own contracts, or contracts for deed. In a Senate hearing held May 15 on the future of Fannie Mae and Freddie Mac, FHFA …
Govt. Wants To Limit Contract For Deed Sale Of Foreclosed Homes Read More »
The Obama administration secretly funneled billions of dollars to left-wing organizations through a mortgage slush fund scheme, congressional investigators have discovered. “Advocates for big government and progressive power are using the Justice Department to extort money from corporations,” Judicial Watch’s Tom Fitton said. “It’s a shakedown. It’s corrupt, pure and simple.” When big banks are …
Obama DOJ Secretly Funneled Billions To Leftist Groups From Mortgage Slush Fund Read More »
Thanks to DJ Scholl (www.notebuyer.com) for this article. By Peter Christensen Some appraisers are now being targeted in lawsuits by an entity named “Mutual First, LLC.” It has filed about 40 lawsuits within the last year — 17 within the last two weeks. Mutual First is not a bank, credit union or any kind of regular …
This happened years ago, but I’ve never forgotten it and cite it often in articles and in teaching. Be careful of making reverse mortgages! PARIS, Dec. 28— Andre-Francois Raffray thought he had a great deal 30 years ago: He would pay a 90-year-old woman 2,500 francs (about $500) a month until she died, then move …
Richard Cordray, head of the Consumer Financial Protection Bureau (CFPB), complained about “character assassination” after being asked about his private text messages during a U.S. House Financial Services Committee hearing on Wednesday. An exclusive report in the Daily Caller in January exposed Richard Cordray’s possibly illegal use of a private device to communicate about official business. …
CFPB Chief Complains Of ‘Character Assassination’ During House Hearing Read More »
The housing crisis may also have sparked the increase in student loan default rates, according to a working paper by the National Bureau of Economic Research. The study says the drop in home prices during the Great Recession also coincided with a 24 to 32 percent rise in student loan default rates. Researchers looked at …
by Amy Y. Wan So, you want to start a real estate crowdfunding (RECF) platform. This article is intended to serve as a basic guide. 1) Decide on what you want to do There are many different types of crowdfunding platforms. You need to first make some business decisions as to what kind of platform you …
How To Start A Real Estate Crowdfunding Platform Read More »
A few of the recession’s hardest-hit housing markets have suddenly some of the healthiest. Tampa, Florida, which lost thousands of homes to foreclosure in the past decade, now takes the title of the nation’s healthiest housing market, at least according to TenX, a real-estate auction and analytics company. It rated locations based on a number …
Here are the nation’s healthiest—and unhealthiest—housing markets Read More »
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