Purchase Money Mortgages Benefit From Higher Interest Rates As Origination Of Mortgage Refinance Dry Up The half-point increase in mortgage interest rates since January has all but killed mortgage refinance. Purchase Money Mortgages now outnumber mortgage refinance loans by a 3:1 margin. It also appears mortgage refinance sector will be dead for a while.  Ellie […]
Purchase Money Mortgages Are Flying High As Refis Dry Up Read Post »
Large Wholesale Mortgage Brokers Like C2 Financial Begin Saying, “Hasta La Vista, Baby” To Quicken Loans Large wholesale mortgage brokers like C2 Financial are cutting ties with Quicken Loans by the end of the week. C2 Financial General Manager Brian Kent released the company memo to the public: As the leaders of C2 and the broker
Wholesale Mortgage Brokers Say Hasta La Vista To Quicken Loans Read Post »
A New Wells Fargo Investigation Focuses On The Bank Committing Low-Income Housing Tax Credit Fraud A new Wells Fargo investigation is underway by the USDOJ in Miami. The DOJ has convened a grand jury. The DOJ is accusing Wells Fargo of colluding with affordable housing developers nationwide. The scheme involved driving down the prices of
New Wells Fargo Investigation Focuses On Bank Defrauding Taxpayers Read Post »
JPMorgan Chase Private Banker Sentenced to Four Years in Prison for Selling Customer Account Information JPMorgan Chase private banker Peter Persaud to 48 months in federal prison for aggravated identity theft. Persaud pleaded guilty on March 7, 2017. For nearly four years, Persaud obtained and sold for profit the personal banking information of his clients.
JPMorgan Chase Private Banker Busted Selling Client Information Read Post »
Fannie Mae CEO Timothy Mayopoulos Busted Having Tawdry Affair With TransUnion Chief Legal Officer Heather Russell Fannie Mae CEO Timothy Mayopoulos is once again in trouble for skirt chasing the beautiful women of the Washington D.C. He has received another rebuke from a government watchdog. Mayopoulos did not disclose his romantic relationship with current TransUnion Chief Legal Officer Heather Russell.
Fannie Mae CEO Is Busted Again For Not Keeping His Pants Zipped! Read Post »
