Real Estate News
Lender Meltdown brings you real estate news from the US and the world! We focus on real estate news and insight from the US and from around the world. Information you need to know before making a housing purchase or a real estate investment. 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.
Romspen Just Got Spanked By The Florida 3rd DCA
Romspen Just Got Spanked By The 3rd DCA In Weiss Fraud Case. This Is Going To Hurt The Canadian Lender In More Ways Than One! Yes, you read that right. Romspen just got spanked hard by the Florida 3rd DCA in Miami in the Caroline Weiss fraud case. Now, Romspen and their investors are out…
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…
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 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…
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…
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….
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…