Romspen Investors Are Mad As Hell! They’re Telling Romspen, “It’s My Money And I Want It NOW!” Most Americans outside the world of commercial finance have never heard of Romspen. Let alone, their Romspen Investment Fund. That’s because Canadian commercial lenders like Romspen have a reputation of being the Fredo Corleone of the commercial lending […]
Romspen Is Withholding Partial Redemption Payments In August. They Cite Poor Loan Performance. Or Is It Just Cover For A Shell Game? Canada’s largest private mortgage lenders is at it again. Romspen is withholding partial redemption payouts to investor for the fourth time in under a year. The Canadian lender is citing weak loan repayments […]
The CFPB Has Reached A $2.75 Billion Settlement With Lexington Law And CreditRepair.com The CFPB announced it has reached a $2.75 Billion settlement with Lexington Law and other larger credit repair brands. The settlement follows a court ruling indicating companies used telemarketers to collect illegal advance fees for credit repair services. The settlement bans companies […]
Zillow Home Loans Launches 1% Down Mortgages In An Attempt To Compete With Rocket And UWM Zillow Home Loans announces it is launching a 1% Down Payment program. The new Zillow program would allow eligible first-time home buyers to pay as little as 1% down on their next home purchase. Right now, Zillow is only […]
The Mortgage Bankers Association Says Mortgage Payments Increased 17% Annually As Homebuyer Affordability Becomes More Challenging The Mortgage Bankers Association says homebuyer affordability remained unchanged in July from June. However, mortgage payments increased 17% from last year. The MBA’s Purchase Applications Payment Index (PAPI) measures how new monthly mortgage payments vary across time. The index […]
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