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United Mortgage

Investors United Mortgage Note Instructor - Roger Turek "Earn While You Learn" at America's first professional school for real estate investing - Investors United ...

Monday Morning Cup of Coffee: Quicken Loans/United Wholesale drama continues


The drama has sparked a real debate among HousingWire readers this week. Our inbox has been flooded with readers weighing in on the big-lender-versus-independent-broker debate in what we’ve come to call the “Battle for the Borrower.”

It seems the battle will rage on, as sources tell us there’s more dirt to come. Stay tuned as HousingWire gives a voice to both sides, and don’t hesitate to reach out and tell us what you think of it all.

Also, in case you missed it, Federal Reserve  Chair Jerome Powell defended the Fed’s approach to monetary policy in a speech Friday at the Jackson Hole symposium. 

“I see the current path of gradually raising interest rates as the FOMC's approach to taking seriously both of these risks,” Powell said in his opening remarks, referring to the risks of moving to slow and risking a destabilizing overheating versus moving too fast and shortening the expansion.

Public real estate data makes housing market easy target for wire fraud

Editor's Note: This is part two in a three-part series from the August edition of National Mortgage News magazine about the growing prevalence of business email compromise fraud. Read part one and part three here.

The mortgage industry is a ripe target for business email compromise schemes because of the increased presence of publicly available data about real estate listings and sales.

Within 48 hours of a home going up for sale, the listing is syndicated across myriad multiple listing services and real estate websites. After it goes under contract, the property's status is changed to pending sale. That helps outsiders — including people not in the United States — perfectly time when they weasel into transactions.

Meanwhile, digital communication has removed much of the personal connection between the players in a real estate deal. Participants might rarely, if ever, meet face-to-face, increasing the fraud risk because they do not know each other.

I receive a letter from united state mortgage crisis center with hope now bill and they could help should I go

They want to help me reduce my payments but I have to paid them 325.00 and they refinance my house for me should I do it? They contact my current lender and negotiate with them to lower my payments.

Sounds like a scam, you can contact your lender yourself.