BofA And Wells Fargo Shutter A Combined 36 Branches Across The US. Is The U.S. Headed Toward Another Banking Crisis? The Comptroller of the Currency is reporting that BofA and Wells Fargo have closed 21 and 15 branches respectfully since October 1, 2023. US Bank and Chase are continuing to close bank branches. So far, […]
Romspen Just Got Spanked By The 3rd DCA In Weiss Fraud Case. This Is Going To Hurt The Canadian Lender In More Ways Than One! Yes, you read that right. Romspen just got spanked hard by the Florida 3rd DCA in Miami in the Caroline Weiss fraud case. Now, Romspen and their investors are out […]
Americans Have Lost $2.7 Billion To Social Media Scams Since 2021. Experts Say Clicking On Internet Ads Is A Costly Mistake. Federal Trade Commission data shows social media scams have cost Americans billions of dollars. The FTC says victims have lost $2.7 billion to fraudsters on social media since 2021. Scammers are increasingly targeting victims […]
Fannie Mae To Increase LTVs In November. Are They Driving The Housing Market Off The Cliff Again? Fannie Mae on Thursday announced that its Desktop Underwriting system. The new GSA guidelines include new changes to the maximum allowable LTV ratios for two- to four-unit and principal residences. The changes also apply to purchase and limited […]
Redfin Study Shows 59% Of Americans Believe Homebuying Has Become More Stressful Than Dating A recent Redfin survey shows that notable 59% of recent homebuyers found homebuying has become more stressful than dating. Homebuyers purchasing a home in today’s market have deal with unique set of anxieties. Buyers are increasingly ghosting sellers as housing costs […]
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