All Posts By Steve
Radio Rapper DJ Envy Promoted Alleged NJ Real Estate Scam
Syndicated Radio Rapper DJ Envy Is Accused Of Swindling Investors Out Of Millions Of Dollars Pissed off investors are accusing popular radio rapper DJ Envy aka Rasshaun Casey for operating a real estate scam. Envy has often promoted the real estate venture of his pal, Cesar Pina on his nationally syndicated iHeartRadio show. However, investors…
Fannie Mae To Increase LTV Ratios
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…
The American Housing Market Resembles 2006
The American Housing Market Is Resembling 2006. Is It Deja Vu All Over Again? The American housing market is sound disturbingly familiar to us who survived the housing crash 15 years ago. Skyrocketing home prices have very suddenly leveled off. Recession fears are swirling and the number of home sales has dropped off in the…
Widespread Housing Discrimination Persists In The USA
Widespread Housing Discrimination Persists Against Minorities And The LGBTQ+ Community Despite Ever Expanding Federal Laws Widespread housing discrimination persists among ethnic minorities and the LGBTQ+ community. This is despite the federal government expanding on the Federal Housing Act passed over 50 years ago. Roughly 32% of people of African descent say they felt they faced…
NTRAPS: The New Real Estate Scam Targeting Grandma
Title Advocates Say NTRAPS Or Non-Title Recorded Agreements For Personal Services Target Seniors A charming real estate agent is helping an elderly couple sell their home except they are not selling right now. When they are, they have an exclusive agreement to use only him thanks to an NTRAPS agreement. In return for signing the…
Romspen Gave 3 Stoners
Romspen Gave 3 Stoners Over $54 Million Dollars To Fund A Failing Cannabis Business. Now The Canadian Lender Is Shocked To Learn 2 Of The Partners Have Disappeared Romspen gave 3 stoners a $54 million loan fund their giant marijuana grow operation in Oakland, California. Now it appears Romspen’s money has gone up in smoke….
Romspen Investors Are Mad As Hell And Want Their Money
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
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…