Is the Wells Fargo bogus bank account fiasco a one-off problem or symptom of a systemic problem with the way in which the bank is being run? Well the truth is that whether the problem at Wells Fargo is an ongoing and systemic one or simply a matter of a bank with business interests so […]
Summary: With easy money coming back into the market, borrowers who should not be borrowing getting loans and the economy at a tipping point is the history of the financial crisis about to repeat itself? Will the return to ‘easier’ lending practices in markets spanning mortgages, student loans and used cars pose a problem? Problem for the […]
(This article also appears at Global Economic Intersection here) And if they do will this present greater opportunities for the mortgage banks specializing in loan origination as some of their traditional competition suddenly fades away? The $100 billion question then is whether the proverbial mortgage origination sky is falling and if so whether it is […]
I received this article on a check scam that targets attorneys but that may be effective against any company that issues checks! “The scam is very simple and involves the use of the technology that allows for the deposit of checks remotely (by using a cell phone or check scanner). I will use a real […]
On Monday November 7, 2011 a Public Hearing was held in Manhattan to discuss the topic of “Mortgage Foreclosures in New York.” For those interested, a brief summary is provided by an attendee in addition to this link for an article at Thomson Reuters that also examines the discussions that took place. Meeting Summary “Today I attended […]
The Hallmark Abstract Sentinel, after an extended hiatus, is back with a vengeance! Hallmark Abstract will now be providing updates and insights to the mortgage and title industry on a regular basis going forward. In the current climate that includes questions surrounding foreclosures and terms that were once foreign to most including MERS, REMIC’s, robo-signing […]
