Study Shows Age Discrimination In Lending Appears To Skyrocket. Why Are Lenders Giving Older Borrowers The Shaft? It appears mortgage lenders are giving older Americans the shaft. A new study by the Center for Retirement Research at Boston College shows age discrimination by mortgage lenders is skyrocketing. The study is called, “Are Older Mortgage Applicants […]
Mortgage Rates Are Inching Closer To 7%. Rates Are Up 13 BPS In Less Than 24 Hours. Is There Really A Recession Coming? Mortgage rates are inching closer to 7% and here is why. Economic data indicates that the economy has remained resilient. This is despite the Federal Reserve tightening monetary policy and raising rates. […]
Brooklyn Credit Counseling Operator Indicted For Defrauding Russian Immigrants And Spending Money On Luxury Goods Federal authorities have indicted Brooklyn credit counseling operator Marat Lerner. Prosecutors indicted Lerner on eight counts of fraud. They charged Lerner with conspiracy to commit wire fraud and wire fraud. In addition, they also charged him with money laundering. Lerner […]
California Based Wholesale Lender Majestic Home Loan Reportedly Shut Their Doors On January 31st. Posts on social media say RMK Financial who does business as Majestic Home Loan has abruptly closed. Former AEs say the wholesale mortgage lender had to close their business due to a legacy issue. Another former AE posted a similar comment […]
Foreclosure Activity Rose In January For 21st Straight Month! Is The US Heading Into Another Housing Nightmare? Foreclosure activity rose in January and it’s not a good sign. This is also the 21st month foreclosure activity has been on the rise. ATTOM is reporting the number of foreclosure filings increased 2% in January from December. […]
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