Posts

Why We’re Seeing Fraud Claims Now & Will See A Lot More

I knew and worked with a bunch of hard money lenders (who loaned money based strictly on equity) prior to the 2008 meltdown. Even though they were a bit cocky with their success and they lived like rockstars, they were all nice and honest guys for the most part. They solicited pools of funds from friends, family members, and outside investors – and then loaned out that money to homeowners and homebuyers who could not qualify for better financing.Read More

When Lofty Missions Meet Reality

SUCCESS GOES TO MORTGAGE BROKER’S HEAD Prior to the 2008 mortgage meltdown, I knew of a moderately successful owner of a mortgage broker shop who had ridden a couple good years, and it went to his head. As a result, he was convinced he could change the world (because what mortgage broker can’t?) and he […]Read More