Attention New York Homeowners In Foreclosure: FAPA Is Facing Serious Legal Challenges From Deep Pocketed Wall Street Bankers. It has been a little over six months since the Foreclosure Abuse Prevention Act (FAPA) went into effect. As predicted when it was signed into law, FAPA is now facing serious legal challenges from deep pocketed Wall […]
Negative Equity Alert As US Homeowners Lose $108.4 BILLION In Equity This Year Alone. 200,000 Homeowners At Risk Of Going ‘Underwater’ MFI-Miami has issued a Negative Equity Alert! Why? Homeowners are sitting on a negative equity timebomb. US home values have dropped a whopping $108.4 billion in 2023 alone. The average borrower saw their home […]
MBA Says Mortgage Applications Fell By 4.4% Last Week After Weeks Of Several Weeks Of Increases. The Mortgage Bankers Association says that mortgage applications fell last week to their lowest level in a month. This is after several weeks of increases from various sectors. The MBA’s Weekly Mortgage Applications Survey for the week ended June […]
Here We Go Again! Latino Wells Fargo Employees Accuse Bank Of Anti-Latino Bias In A Predatory Lending Scheme A group of current and former Latino Wells Fargo employees has filed a federal lawsuit against Wells Fargo. The employees from the company’s bilingual mortgage sales team are alleging race-based discrimination. The suit alleges: “Wells Fargo forces […]
Pending Home Sales Fell 2.7% In May. Will They Continue To Fall? NAR Bullish About Housing. Is There Another Housing Apocalypse Coming? Pending home sales were steady in April like they had been since the beginning of the year. However, pending home sales fell in May. they dropped 2.7%, according to data released Thursday by the National […]
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