All Posts By Steve

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…

By Steve
3 min read

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…

By Steve
3 min read

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…

By Steve
3 min read

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….

By Steve
5 min read

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…

By Steve
6 min read

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…

By Steve
4 min read

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…

By Steve
6 min read

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…

By Steve
3 min read

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….

By Steve
3 min read

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…

By Steve
2 min read