Canadian Commercial Lender Romspen Sued For Securing A $21 Million Loan To Properties Allegedly Obtained Fraudulently By Caroline Weiss Chicago attorney Adeena Weiss-Ortiz is suing Canadian commercial lender Romspen in Miami. The lawsuit which you can read below alleges Romspen (then known as TIG Romspen) loaned alleged Miami fraudster and Weiss-Ortiz’s mother, Caroline Weiss $21.3 […]
Ford CFO John Lawler Warns Recession May Be On The Horizon. He Says Ford Credit Reports A Rise In Car Loan Delinquencies Ford CFO John Lawler told a Deutsche Bank automotive conference last week that auto loan delinquencies start to increase. He said the automaker’s financing arm, Ford Credit, says it could be a warning […]
Luxury Housing Market Sees Buyers Flee Thanks To Rising Interest Rates And Volatile Stocks The luxury housing market is finally bust. After a record breaking two year run, the party is abruptly over. Real-estate agents in places like New York, Los Angeles, and the Hamptons say the frenzied deal making and record-setting prices that characterized […]
Freddie Mac Economists Predict The Arrival Of The Biggest Housing Contraction Since 2006 The pandemic’s housing boom is finally running on fumes. Now, Freddie Mac economists are predicting the arrival of the biggest housing contraction since 2006. They point to three factors: Home sales are falling Inventory levels are rising Home sellers are cutting list […]
Federal Prosecutors In Manhattan Launch Another Wells Fargo Criminal Investigation Over Its Sham Hiring Practices Federal prosecutors in Manhattan have launched another Wells Fargo criminal investigation. Investigators say they are investigating bank managers who conducted sham interviews with minority and female candidates. Bank managers allegedly interviewed minority candidates for roles that were already filled. The […]
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