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Man Sentenced for Posing as Lawyer to Help With Mortgage Debt
A 61-year-old Newport Beach, Calif., man has received a four-year prison sentence for pretending to be an attorney and stealing from clients he promised to help with their mortgage payments, court documents show. So reports Patch.com.

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Commercial Lending (175)

Commercial Mortgage Delinquencies Dip to Pandemic-Era Low

Sunday, 13 June 2021

Commercial Lending

Written by Chris Frankie

Delinquency rates for commercial and multifamily property mortgages kept declining in May 2021, according to the Mortgage Bankers Association. So reports World Property Journal. Read more...

Reviving Crisis Move, Investors Eye Commercial Real Estate Bonds

Sunday, 06 June 2021

Commercial Lending

Written by The Mortgage Leader

Taking a page out of money managers’ playbook during the financial crisis, some investors are targeting commercial mortgage-backed securities, aiming to buy distressed properties, fix them up and flip them for substantial gains. So reports… Read more...

Regulators Eye Wholesale Flippers in Poor Neighborhoods

Friday, 28 May 2021

Commercial Lending

Written by The Mortgage Leader

States and municipalities across America are tightening the reins on wholesale flippers, who advocates for the poor say are sometimes using aggressive tactics and misinformation to trick distressed homeowners in low-income neighborhoods. So reports Bloomberg. Read more...

Investors Pile Into Commercial Real Estate Despite Empty Spaces

Monday, 24 May 2021

Commercial Lending

Written by The Mortgage Leader

High-rise offices are still mostly vacant, hotels have plenty of rooms and malls are languishing, but you wouldn’t know it by the state of the commercial real estate market. So reports The Wall Street Journal. Read more...

Overseas Investors to Boost U.S. Commercial Real Estate Stakes

Friday, 14 May 2021

Commercial Lending

Written by The Mortgage Leader

Over the next three to five years, most international real estate investors plan to boost their investment in U.S. real estate, a survey has found. So reports Pensions & Investments. Read more...

Judge Shoots Down CDC’s Eviction Moratorium

Saturday, 08 May 2021

Commercial Lending

Written by The Mortgage Leader

Landlords have scored a victory after a federal judge overturned a pandemic eviction moratorium put in place by U.S. Centers for Disease Control and Prevention. So reports CNN. Read more...

Biden Tax Proposal Would Cap Break for Property Flippers

Saturday, 01 May 2021

Commercial Lending

Written by The Mortgage Leader

President Joe Biden’s $1.8 trillion plan to expand educational opportunities and child care for families, which would be funded by tax hikes on wealthy Americans, calls for limiting a tax break for real estate investors.… Read more...

Morningstar Parries Lawsuit Over Commercial Mortgage Ratings

Sunday, 25 April 2021

Commercial Lending

Written by The Mortgage Leader

Morningstar has asked a judge to throw out a Securities and Exchange Commission lawsuit concerning the company’s ratings of commercial mortgage-backed securities. So reports Reuters. Read more...

Foreign Investment Firms Pile Into Suburban Housing

Saturday, 17 April 2021

Commercial Lending

Written by Chris Frankie

Overseas investors have started joining forces with housing companies to buy or build thousands of single-family rental homes in the U.S. suburbs. So reports Dow Jones. Read more...

More Investors Are Crashing the Fix-and-Flip Party

Friday, 09 April 2021

Commercial Lending

Written by The Mortgage Leader Staff

Pension funds, private equity firms, individual punters and other investors are buying single-family homes, renting or flipping them in a quest for yield. So reports The Wall Street Journal. Read more...