The latest mortgage fraud to affect the mortgage industry is being called wire fraud or down payment wire fraud. Each case tends to involve a combination of email hacking, identity fraud and wire fraud. A scammer hacks the sensitive data of an impending mortgage transaction, assumes the identity of a party involved (such as a …
Mortgage wire fraud is a much bigger threat than you realize Read More »
Mark your calendar for Wednesday, Jan. 24 for a special free podcast with Sándor Lau of Noted Financial. Sándor is one of the most well-known investors in non-performing second mortgages (for more about him see https://notedfinancial.com/about/). And he’ll take your questions live. PODCAST ON NON-PERFORMING SECOND NOTES WED., JAN. 24: 9:30 a.m. Pacific Time 10:30 a.m. Mountain 11:30 a.m. Central 12:30 p.m. …
Free Podcast On Non-Performing Notes Wed. Jan. 24 Read More »
If you were hit with a $1,000 emergency, would you be able to cover it? For the majority of Americans, the answer is no. Only 39% of Americans say they would be able to pay for a $1,000 unplanned expense, according to new reportfrom Bankrate. “Even though unemployment is down and there’s been a recent …
The former owner of a California foreclosure rescue firm admitted in court last week to stealing struggling borrowers’ homes during the housing crisis. Sergio Barrientos pleaded guilty last week to conspiracy to commit wire fraud affecting a financial institution and bank fraud. According to court documents, from about September 2004 through February 2008, Barrientos and …
Former owner of foreclosure rescue business admits to stealing borrowers’ homes, equity Read More »
The new federal tax law have given note & real estate investors a gift they might not be aware of yet. Owners of notes and investment property — from mom and pop landlords to big-time real estate moguls — could get a federal tax deduction of up to 20 percent of their net rental income …
A South Carolina woman returned home from vacation to find another family had moved into her recently purchased house. Upon arriving to the home, Katherine Lang noticed a dog and a cat wandering the property, as well as a pair of women talking inside, the Beaufort Gazette reported. “I said, ‘What are you doing in …
Woman returns to find strangers living in her house Read More »
Owning a million-dollar home isn’t the rarity it used to be. The share of homes valued at more than $1 million has surged more than fourfold since 2002, according to new data from real estate site Trulia, which analyzed the luxury real estate market in the top 100 U.S. metropolitan areas. Across those regions, about …
A plague of million-dollar homes haunts real estate Read More »
On June 8, 2017, House Republicans voted to repeal major portions of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) and simultaneously passed H.R. 10 the Financial CHOICE Act by a 233-186 vote. Despite the outcome of this vote, a simple Republican majority in the House does not guarantee legislative passage; that requires …
As 2018 sets into motion, several metros across the U.S. are emerging as possible contenders for the year’s top housing markets. To determine its predictions for the best real estate markets of 2018, realtor.com’seconomic data team looked at the number of sales of existing homes and their prices, along with the amount of new home …
These will be the top 10 housing markets of 2018 Read More »
What Fannie Mae and Freddie Mac do with the money they make has long been a debate in the housing finance world. Some argued that the government-sponsored enterprises should be allowed to retain all their profits, while others argued that the GSEs’ profits should continue to flow to the Department of the Treasury, as they …
Fannie and Freddie make more money per employee than almost any other company Read More »
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