Mortgage Scam Probe Sees Popular U.S. Landlord Facing Charges In Ponzi Scheme

The Security and Exchange Commission and the Department of Justice charged Robert Morgan for purportedly operating a Ponzi scheme that shuffled money from investors and faking loan documents. Morgan is estimated to have 140 properties across 14 states. On Wednesday, he was charged for criminal activities by the DOJ for bank fraud, insurance fraud, and wire fraud, and the SEC also charged him with civil fraud for misusing and siphoning investor finances. These charges stem from a cross-agency investigation effort and were found in August when the fraud allegation that … Read more

Rising Fears Of Trade War Cause Decline In Mortgage Applications

In spite of low borrowing costs and average price gains, Americans aren’t looking to take on as many new mortgages. The Mortgage Bankers Association recorded the drop of mortgage applications to 3.3% from last week, even though mortgage interest rates remain low. Home purchase applications dropped 1% – which was its 3rd weekly decline, however, they still remained 7% higher than they were a year ago. Also, there was a 6% fall in mortgage refinance applications. Since January 2018, there have been steady fixed interest rates for 30 years at … Read more

Burger King Announces A Challenge To Pay Off Student Loan Debt

Going to college is everyone’s dream; paying college debt? Not really. American students are carrying the weight of a massive $1.5 trillion in student loan debt. 2 million students graduate every year with an average of $33,000 in college debt. Many students graduating with minimal to no experience in the job field are finding it challenging to find a job to keep up with their student loan payments. With healthcare and basic needs expenses going through the roof, the burden of these loan payments are getting to be too much … Read more

Best Personal Loans for Bad Credit for October 2022

If you’re looking for a personal loan but have bad credit, you might be feeling a bit discouraged. But don’t worry! There are still plenty of options out there for you. In this blog post, we’ll go over the best personal loans for bad credit, so you can get the money you need without breaking the bank.   The Complete Guide on Getting a Personal Loans with Bad Credit Bad credit can make it tough to get a loan from a traditional lender like a bank or credit union. If … Read more