Romspen Investor Warning

Romspen Investor Warning

Romspen Investor Warning: Canadian Lender Froze and Has Reduced Investor Redemptions for Nearly A Year. Have They Become The Roach Motel Of Commercial Lending? This Romspen investor warning is going out to all our readers who invest in commercial real estate.  It appears Canadian real estate lender Romspen has become the Roach Motel of the […]

Lexington Law

Lexington Law Reaches $2.7B Settlement With The CFPB

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

Zillow Home Loans Launches 1% Down Mortgages

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 […]

Amerifirst Financial

AmeriFirst Financial Files For Bankruptcy

AmeriFirst Financial Files For Bankruptcy Less than Two Months After The Resuming It’s Forward Origination Business Retail lender AmeriFirst Financial filed for Chapter 11 bankruptcy protection in Delaware. The Amerifirst Financial bankruptcy comes just two months after the company resumed it’s forward mortgage origination business. Amerifirst Financial relaunched its forward mortgage origination business in June. […]

mortgage payments

Mortgage Payments Increased 17% Annually In July

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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