Goldman Sachs Group Inc. has become the largest buyer of severely delinquent home loans from mortgage giant Fannie Mae over the past year and a half, acquiring nearly two-thirds of $9.6 billion in loans the agency has auctioned, government records show. On Tuesday Goldman won the majority of loans at Fannie’s latest auction, its largest …
Goldman Sachs Goes on Delinquent Mortgage-Buying Binge Read More »
In a recent opinion, the U.S. Bankruptcy Court for the District of Oregon says that recording an “assignment” of a deed of trust is not always sufficient to perfect an interest in the real property. Back in the heady days just before the Great Recession, a real estate speculator (“Speculator”) engaged in a series of …
U.S. Bankruptcy Court Says Get the Note or File a Financing Statement Read More »
Click on the web addresses (URLs) to see the stories: 2017 may be your last chance to do a 1031 tax-deferred exchange. Congress may severely curtail or even eliminate them: tinyurl.com/glpqmub The Consumer Financial Protection Bureau (CFPB) — kudos to George Orwell for that — has sued a lawsuit settlement funding company, claiming they are illegally lending …
Links To Stories In The March, 2017 PAPER SOURCE JOURNAL Read More »
The Swedes bring their cars and the savages bring their flames. The burning cars are a metaphor for the impact of Muslim immigration on Sweden and the West Savages of Stockholm By Daniel Greenfield paradigmsanddemographics.blogspot.com Europe has many fine traditions. Its newest tradition is the burning car. Why burn cars? Because, as George Mallory once …
A Must-Read: Civilization is not a product, it’s a process. Read More »
As rising home prices, slow new home construction, and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters—and landlords. Last year, 37 percent of homes sold were acquired by buyers who didn’t live in them, according to tax-assessment data compiled in a new report published by Attom Data Solutions and ClearCapital.com …
Mark your calendar for Thurs. Feb. 23 for a live podcast with attorney Josh Scheer on bankruptcy pitfalls and solutions for note investors. 5 p.m. Pacific Time/ 6 p.m. Mountain/ 7 p.m. Central/ 8 p.m. Eastern/ To hear it LIVE and be able to ask questions, at the time it starts in your time zone call 712-770-4160. Enter the access …
Podcast On Bankruptcy Pitfalls and Solutions For Note Investors This Thurs. Read More »
Less than one third of Americans are saving money in their 401(k)s and other workplace retirement accounts, according to an analysis of tax records by Census Bureau researchers. Moreover, nearly 40 percent of federal student loan borrowers over age 65 are in default, the highest rate for any age group. Student loan debt now totals more than …
Less Than 1/3rd Save For Retirement; Student Loan Debt More Than Credit Card Debt Read More »
Hi ,Here’s your weekly roundup of links to major news stories and articles affecting the note and real estate business. The big story this week (see the link below) is that a federal judge has ruled that the CFPB (Consumer Financial Protection Bureau) has the authority to investigate real estate seller installment sales, a.k.a. “seller financing”. If you …
A federal judge has ruled that the Consumer Financial Protection Bureau has the authority to investigate seller installment home sales (a.k.a. seller carry backs). Judge Nancy G. Edmunds of Federal District Court in Detroit has ruled that one of the nation’s largest providers of seller-financed homes must comply with a demand for documents and other …
Judge rules that CFPB can investigate seller installment home sales Read More »
Texas Republican Sen. Ted Cruz just introduced a two-page bill to abolish the Consumer Financial Protection Bureau, the darling of Sen. Elizabeth Warren and Bernie Sanders. The Repeal CFPB Act, which Cruz and four other Republican senators sponsored, would repeal the Consumer Protection Act of 2010, the part of the Dodd-Frank bill that created the CFPB and granted …
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