Entities that solely own consumer residential mortgage loans and do not participate in the origination or servicing of those loans have more limited licensing requirements at the state level and are probably not subject to supervisory oversight by the CFPB. A purchaser of residential mortgage loans is, however, directly subject to a limited number of …

Everything you need to know about entering the mortgage finance market Read More »

A Washington state man who bilked investors out of more than $100 million in a Ponzi scheme has escaped from a federal prison in central California, according to the U.S. Marshals Service. Prison officials said Frederick Darren Berg, 55, was discovered missing Wednesday, Dec. 6 from a minimum-security work camp next to a penitentiary in …

Major Note Crook Darren Berg Breaks Out Of Federal Pen! Read More »

Some home sellers would need a sale contract inked before the end of 2017 in order to avoid a big tax bill that would be imposed if the GOP tax reform proposals become law. Both the House and Senate bills would require sellers to have lived in their residence for a longer period of time …

Less Than 1 Month Left to Sell Before Possible Tax Hike Read More »

The Senate Banking Committee has begun its markup of a bill that would roll back the Dodd-Frank Act. The bill, S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, contains policies which would roll back or eliminate key parts from the Dodd-Frank Wall Street Reform and Consumer Protection Act. Earlier this year, House …

Senate Banking Committee introduces repeal of Dodd-Frank Read More »

Contributed by Craig Saxon (http://rpadvisors.com/_index.php), who wrote:  “I’m sure those that work non-performing notes are aware that principal reduction is not as important as payment reduction, but apparently Fannie and Freddie are not!” Reducing the amount a homeowner, facing default, owes on their mortgage sounds like it would be a great idea to include in …

JPMorgan Chase: Mortgage modifications just as effective without principal reduction Read More »

Q: I am a real estate broker with a question regarding sellers disclosures. Is an investor/seller offering seller financing exempt from providing a sellers disclosure? A title company advised us that since the investor/seller is the mortgagee holding the lien, he is exempt because he is a lien holder. I think this is incorrect. Is …

In Texas, does seller financing mean no seller disclosure? Read More »

When Elizabeth Warren, Dick Durbin, and others complain about President Trump appointing someone to replace Richard Cordray at the Consumer Financial Protection Bureau, they should be asked what the budget is for the CFPB.  The answer is that they will have no idea, because the CFPB was intentionally set up to be answerable to no …

The CFPB is an unaccountable dictatorship Read More »

As more homeowners see their property values rise, the number of homes that are seriously underwater continues to decrease. At the end of the third quarter, there were 4.6 million U.S. properties considered seriously underwater, which is down by more than 1.4 million properties from a year ago, according to ATTOM Data Solutions’ Q3 2017 …

Interactive Map Shows Underwater Homes In Your Area Read More »

Snooping online proves to be an easier way of finding out what a homeowner paid for a property. A recent poll of more than 500 homeowners found that 52 percent of respondents admit they have spied online to track how much friends and family paid for their houses, according to a poll by Branded Research. Homeowners …

Real Estate Stalking Read More »

Leandra English, the new acting director of the Consumer Financial Protection Bureau appointed by outgoing director Richard Cordray over the Thanksgiving weekend, has filled a key role during many of the crises that have gripped the six-year agency, according to a Daily Caller News Foundation investigation. English was a key aide during the agency’s first, …

CFPB’s Leandra English Is A Pupil of Socialist Elizabeth Warren Read More »