Brooklyn Developer

Brooklyn Developer Accused Of Swindling Vulnerable Homeowners

Brooklyn Developer Yuval Golan Accused Of Swindling Vulnerable Homeowners Out Of Valuable Properties Who is Brooklyn developer Yuval Golan? Brooklyn leaders have lionized Yuval Golan as the borough’s “savviest” businessman. Yet, black and latino residents consider him the devil. They allege he is a fraudster duping vulnerable New Yorkers out of suddenly valuable properties.  Golan […]

Canadian Developer

Canadian Developer To Tear Down $12.5M Florida Home

Canadian Developer Benoit Dumoulin To Tear Down $12.5 Million Fort Lauderdale Home He Just Purchased To Build Mansion Canadian developer Benoit Dumoulin has acquired a home in Fort Lauderdale for $12.5 million. The Quebec-based realtor plans to tear it down and build a mansion. Klairmont Kollections NFP based out of Chicago sold the 6,269-square-foot home […]

PNC Bank Breached

PNC Bank Breached Fannie Mae COVID-19 Payment Deferral Agreement

Class Action Lawsuit Alleges PNC Bank Knowingly Violated Fannie Mae COVID-19 Payment Deferral Agreement A lawsuit in Maryland is alleging PNC Bank breached Fannie Mae’s COVID-19 payment deferral agreement. The lawsuit states that PNC Bank continued to charge homeowners for past-due monthly principal and interest payments after they opted for the Covid-19 deferral program. The […]

Mortgage Forbearances

Mortgage Forbearances Down 27 Basis Points

Mortgage Bankers Say Mortgage Forbearance Decreased To 2.62%. Ginnie Mae’s Portfolio Finally Below 3% The Mortgage Bankers Association is saying mortgage forbearances are down .27%. They also stated that forbearance portfolio volume declined at the fastest rate in a year. This is in part to mortgage holders exit COVID-19 plans. Exits are expected to pick up […]

American Advisors Group

American Advisors Group Reverse Mortgage Scam Alert!

CFPB Fines American Advisors Group $1.3 Million For Reverse Mortgage Scam Involving Seniors! The CFPB has settled a lawsuit against reverse mortgage lender American Advisors Group (AAG) for $1.3 million. The agency accused AAG of sending consumers inflated home valuations. The federal lawsuit claims AAG sent borrowers deceptive and inflated home estimates in direct mailers. […]

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