By Lisa Lambert WASHINGTON (Reuters) – A House of Representatives panel on Tuesday approved a proposal to revamp the Dodd-Frank Wall Street reform law, after a hearing where lawmakers verbally tussled over rules enacted in the aftermath of the 2007-09 financial crisis. The Financial Services Committee voted to send the bill, introduced this summer by …

Rollback Of Dodd-Frank Goes To House Vote; All Democrats On The Committee Oppose Change Read More »

By Jill Cowan, The Dallas Morning News Sure, critics have been raving about the modern outlaw flick “Hell or High Water” for its quietly funny,  deftly wrought action sequences and long shots of the desolate West Texas landscape. Yes, director David Mackenzie’s cops-and-robbers tale explores big themes like family loyalty, mortality and the pursuit of justice in a world of …

How A Predatory Loan Makes Banks The Bad Guys In New Movie Read More »

  This article points out that LLCs are not for everyone. Learning about how LLCs operate and becoming aware of the key advantages and disadvantages of a limited liability company is an important step in your path to  establishing a successful business. By properly planning and structuring your company from a legal standpoint early on, you …

Should You Have A Limited Liability Company (LLC)? Read More »

If you originate or purchase a mortgage, you may have to follow certain requirements under Dodd-Frank.  “The term ‘qualified mortgage’ was first used within the text of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which became federal law on July 21, 2010. The Dodd-Frank Act provided a general definition (essentially an outline) of …

How To Determine If A Mortgage Falls Under Dodd-Frank Read More »

by SETH WILLIAMS As a land investor, my real estate investing activity was a bit different from most real estate investors, and I remembered hearing from a number of other land investors at the time that Dodd-Frank simply didn’t apply to vacant land transactions. After reading up on it myself, I found much of the same thing. …

Dodd-Frank And Seller Notes On Vacant Land Read More »

The ten states shown to have the most foreclosures for the second quarter of 2016 consisted of Massachusetts, Ohio, Connecticut, South Carolina, Illinois, Florida, Nevada, Maryland, New Jersey, and Delaware. Here is a break-down of what the foreclosure rates look like in these states for Q2 according to a report from Credit.com:  http://www.dsnews.com/daily-dose/08-11-2016/top-10-states-foreclosures-q2  

Sept. 1, 2016 — 90 days past due mortgages dropped 21.3% in the past 12 months. Foreclosure inventory at the end of June is at its lowest point since August 2007. Affordable housing availability is behind demand. This and more leads to sustained rental demand for SFRs, rising rents and increased equity for investors in …

Good News For Single Family Home & Note Investors Read More »

By Franklin Sanders, the-moneychanger.com Sometimes laymen who study the law go nearly crazy to learn how crookedly law in the United States has been skewed away from common law rights. Take land ownership. Not a single one of you owns any land, however many titles and deeds you have, because in the US there’s no …

Do You Think You Own Your Property? Think Again. Read More »

Fannie Mae and Freddie Mac have announced a redesign for the standardized form borrowers use to apply for a loan, the first substantial revision in more than two decades. The changes to the Uniform Residential Loan Application (URLA) include simplified terminology and new data fields capturing borrower information in an easier-to-read format, the GSEs said. …

Major Redesign Slated for Loan Forms Read More »

A prohibited transaction can be described as an improper use of your IRA account assets by a disqualified person. The term prohibited transaction in this case applies to retirement plans such as a self-directed IRA, or 401(k). Here are some transactions that would be considered prohibited: a transfer of plan income or assets to, or …

Common Prohibited Transactions In Self-Directed IRAs Read More »