W. J. Mencarow

Serious Delinquencies Hit a 12-Year Low

Courtesy of LoanMLS.com which gives you the power to connect with over 20,000 loan professionals and investors – all interested in buying, selling and investing in existing loans, pools or new loan originations. After seeing a spike in September, mortgage delinquencies declined 8.2 percent in October and nearly 18 percent from the same period last year, …

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If you have the courage, I will show you the future of money

I’m not involved in this, but having read Mr. Griffin’s eye-opening book The Creature from Jekyll Island; A Second Look at the Federal Reserve I recommend this to you: An Internet live-stream event, December 8 & 9 LOOKING TO THE PAST by G. Edward Griffin During the early 1990s, when I was immersed in writing …

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House Prices Peaking?

U.S. existing home sales have declined on an annual basis for eight straight months, the longest slump in more than four years, according to the National Association of Realtors report Wednesday. The slowdown has been driven by places that had earlier seen some of the strongest price growth during this recovery, including Seattle, Denver, New …

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Non-Performing Notes Featured In Wall Street Journal

The Wall Street Journal recently ran a FRONT PAGE article on non-performing notes featuring Sándor Lau, a frequent speaker at THE PAPER SOURCE NOTE SYMPOSIUM.  You can watch his videos and many others at https://papersourceseminars.com/video-library/ Here is the WSJ article: http://www.msn.com/en-us/money/realestate/a-decade-after-the-housing-crisis-small-investors-try-to-bring-busted-mortgages-back-to-life/ ““The Paper Source opened up my world to note investing. I was in a difficult …

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Foreclosure activity falls to lowest level since 2005

There was a significant decrease in foreclosures at the end of the third quarter of 2018, according to ATTOM Data Solutions‘ latest Foreclosure Market Report. Notably, only 177,146 U.S. properties were listed as foreclosure filings, default notices, scheduled auctions or bank repossessions. This is the lowest level since the fourth quarter of 2005, marking a nearly 13-year low. The …

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Brett Kavanaugh Could Mean The End Of The CFPB

New Supreme Court Justice Brett Kavanaugh has ruled that the Consumer Financial Protection Bureau in its current form is unconstitutional. In 2016, PHH, a mortgage lender, challenged CFPB Director Richard Cordray’s $103 million increase to a $6 million fine initially levied against PHH for allegedly illegally referring consumers to mortgage insurers in exchange for kickbacks. To combat this …

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