The Consumer Financial Protection Bureau is likely to be reigned in if not rendered impotent or even abolished under President Trump. He has said he would come “close to dismantling” it along with Dodd-Frank. That is good news for small business, consumers, the economy in general — and note investors. The CFPB is the brainchild …
It’s rare for a morally upright person to erupt suddenly into a crime spree. Instead, a first-time offender usually has a history of problematic behavior. But what type of questionable conduct early in life reliably predicts criminality? One answer, as a recent research paper shows, is heavy “time discounting”—that is, the tendency to value something …
Are Those Who Ignore The Time Value Of Money More Likely To Be Criminals? Read More »
If you have a non-performing note collateralized by real estate in Kentucky, congratulations! You have up to 15 years to sue the debtor. Once a debt passes beyond the statute of limitations of a particular state, you cannot sue the debtor for payment. So if you own notes, you need to know the laws of …
Attn Note Holders: State-By-State List Of Limitations On Collecting Debt Read More »
Mary Anne and Pamela Aden on Gold The late Richard Russell, founder and publisher of the Dow Theory Letters, was a big fan of gold. He was also a big fan of taking action, especially when it came to gold. He believed in buying gold on a regular basis. That is, averaging in through the …
View this chart of the U.S. to see your state’s average foreclosure time… Properties in the third quarter took an average of 625 days to complete a foreclosure, down from 630 days a year ago. It was the first year-over-year decrease since ATTOM Solutions began tracking average foreclosure timelines in the first quarter of 2007. …
Foreclosure Length Drops For First Time Since 2007 Read More »
If you are looking for non-performing notes and foreclosures, here’s where to find them. Five states in August 2016 accounted for about 35 percent of completed foreclosures nationally. These five states had the highest number of completed foreclosures in the 12 months ending in August: Florida: 55,000 Texas: 27,000 Ohio: 23,000 California: 22,000 Georgia: 21,000 …
Where To Find Non-Performing Notes & Foreclosures Read More »
The US Court of Appeals for the DC Circuit — the second-highest court in the land — has ruled that the organization of the Consumer Financial Protection Board (CFPB) is unlawful. That’s something I’ve been saying in print since the Board was created under Dodd-Frank. In a unanimous decision of the three justices of the …
Take a look at the 30 year US bond chart below. Interest rates are rising. (Bonds move opposite to interest rates.) “That activity you see since January has been a “throwover of the VERY long term (36 year) trend. Interest rates have been relentlessly if not spectacularly rising. The USB broke through the upper support …
by Franklin Sanders www.the-moneychanger.com “Let’s ponder a moment the pound sterling’s overnight flash crash. At 6 seconds after 1:00 Greenwich Mean Time, the pound was at $1.2609. Three seconds later, at 9 seconds after 1:00 GMT, the pound was at $1.1840, down 6.1% in three seconds. Now it later recovered to $1.24+, but that …
Criminal Currency Manipulation Can Wipe You Out In Seconds Read More »
A virtually unknown proposal by the Consumer Financial Protection Bureau would let it impose almost any regulations it wants against any business it deems a “nonbank financial institution.” “Even the most experienced and hardened mortgage industry players may find themselves taken aback upon careful review of an embryonic proposal by the Consumer Financial Protection Bureau …
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