All Posts By Steve
Average Mortgage Payments Have Risen 90% In 3 Years
Average Mortgage Payments Have Risen 90% In 3 Years. This Due To 20-Year High Interest Rates, Skyrocketing Values And Post Pandemic Inflation Real estate experts say average mortgage payments have risen 90% since December 2020. They’re telling potential homeowners to buy now because housing cost will continue to rise. They attribute the increase of costs…
JPMorgan Client With Dementia Sues Bank For Stealing $50Million
JPMorgan Client With Dementia Sues The Bank For Stealing $50 Million From Him And Making Him Move In With Relatives A JPMorgan client with dementia has sued America’s biggest bank. The elderly client has accused the bank of pushing high risk investments despite his obvious signs of dementia. As a result, the dementia client is…
AARP Has Joined Class Action Lawsuit Against CeLink And RMF
AARP Has Joined The Lawsuit Against Reverse Mortgage Giants CeLink And Reverse Mortgage Funding (RMF) Over Illegal Fees The AARP Foundation has joined a proposed class action lawsuit against Celink and RMF. The two companies are the two prominent players in the reverse mortgage industry. The lawsuit alleges that these companies added unlawful loan servicing…
Another Real Estate Class Action Lawsuit Has Been Filed
Lawyers Who Just Won The $1.8 Billion Lawsuit Against The NAR Have Filed Another Real Estate Class Action Lawsuit The lawyers who just won the $1.8 billion lawsuit against the NAR over realtor commissions aren’t wasting anytime. They have filed a new real estate class action lawsuit. This time they are seeking class-action status covering…
Bank Branch Bloodbath: Major Banks Close Another 19 Locations
Bank Branch Bloodbath Continues As Bank of America And Chase To Close Another 15 Locations The bank branch bloodbath continues! Bank of America filed to close nine branches with the OCC last week. Chase filed to close six more. Citizens and Trustco are each closing a branch each. Patriot and US Bank also reported one…
loanDepot Is Reporting A 6th Consecutive Quarterly Loss
loanDepot Is Reporting A 6th Consecutive Quarterly Loss. Company Had A $26 Million Loss In Q3. Will loanDepot Survive 2024? SEC filings show loanDepot is reporting its sixth consecutive quarterly loss in the third quarter of 2023. The company said total revenue declined as a result of lower origination volume. However, they have made inroads with…
Compass Cuts Losses In 3rd Quarter
Surprise! Surprise! Compass Continues Managed To Cut Losses In 3rd Quarter. Company Also Says They Will Not Be Affected By Ruling In The Sitzer/Burnett Case Compass executives were positively surprised in the third quarter of 2023. The company lost money again. However, the company grew by 26 basis points year over year. This was an…
RE/MAX Executives Have No Regrets Over $55Million Settlements
RE/MAX Executives Have No Regrets Over $55M Lawsuit Settlement. Company Executives Say Ruling Will Have Little Impact On Their Business The earth shattering ruling against real estate industry last week is still sending shockwaves through the industry. A Missouri jury ordered the NAR and several large residential brokerages to reimburse homeowners $1.8 billion to $5 billion…
New Jersey Father And Son Duo Indicted For Mortgage Fraud
A New Jersey Father And Son Duo Are Indicted For $2.5 million Mortgage Fraud Scheme A New Jersey grand jury indicted a New Jersey father and son duo from Bergen County for mortgage fraud. The New Jersey AG alleges the pair defrauded investors and mortgage lenders of more than $2.5 million in the Jersey Shore….