Lending News
Lender Meltdown brings you banking and mortgage lending news from the US and the world! We focus on mortgage lending news and insight from the US and from around the world. Information you need to know before making financing your next home or real estate transaction. We bring you news and information from industry insiders and sources that the mainstream financial media doesn't. Lender Meltdown also has boots on the ground. These "boots on the ground" give us daily and weekly updates of what is going in the field. Our contributors have decades of experience in lending and real estate. That experience gives us the advantage of being able to give information in plain English without all the industry technobabble and industry jargon.
Will Romspen File Bankruptcy In 2025?
Will Romspen file Bankruptcy in 2025? The Magic 8-Ball And Esmeralda The Psychic Predict Romspen Will File BK By The End Of The Year Many individual investors are asking, “Will Romspen file bankruptcy in 2025?” Our analysis of their financials and the actions of executives says yes. It’s a foregone conclusion that they will after…
Romspen Financial Colonoscopy: Is It Really Going To Happen?
The Magic 8-Ball Says A Romspen Financial Colonoscopy Is On The Horizon And The Outlook For Romspen Is Not Good Things aren’t looking well for the Toronto-based lender right now. Romspen has found itself in a quagmire in several of their lawsuits. A defendant in one of the lawsuits says he plans on performing what…
The Deceptive Romspen Loan-To-Own Toxic Financing Scam
Commercial Borrowers Beware: The Deceptive Romspen Loan-To-Own Toxic Financing Scam That Could Cost You Everything There has been a particular odd pattern in which Canadian commercial lender Romspen has been lending money in the past ten years. The reason this is particularly odd is that Romspen is lending against projects that don’t generate any revenue…
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…
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…
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….
Romspen Is Scamming Grandma and Grandpa
Romspen Is Scamming Grandma And Grandpa Out Of Their Pension. Retirees Have Christened Them, “Rob ‘Em And Spend” Canadian commercial lender Romspen is on track to be a major black eye for the Canadian financial sector and could face insolvency in the near future. Why? Romspen is scamming grandma and grandpa out of their pension….