As Housing Boom Dies, Miami-Dade Home Sales Plummet in July

Miami real estate had a really bad month in July Close your eyes if you don’t like bad news. The volume of existing home sales in Miami-Dade County fell 20.8 percent in July compared to July 2015, according to a monthly report released Wednesday by the Miami Association of Realtors. “That’s an eye-popping number,” said … Read more

‘Property Preservation’ Mortgage Documents Give Unlawful Power to Lenders

‘Property Preservation’ Mortgage Documents Give Unlawful Power to Lenders Imagine this: You’ve missed two mortgage payments. You come home from work and realize someone changed the locks on your front door and installed a lockbox on the doorknob. Think this could never happen to you? Think again. It happens all across the country, and it … Read more

Vice: The Only Person Jailed for the Foreclosure Crisis Will Soon Go Free

“If evidence collected shows intent to defraud investors by the real estate trusts, this matter has the potential to be a top ten Corporate Fraud case” ~ FBI Criminal Investigative Division ~ The Only Person Jailed for the Foreclosure Crisis Will Soon Go Free Lorraine Brown, the lone American convicted of a crime for the … Read more

SEC and Revolving Doors: Q&A with Eric Ben-Artzi, the Deutsche Bank Whistleblower Who Rejected a Multimillion Dollar Award

SEC and Revolving Doors: Q&A with Eric Ben-Artzi, the Deutsche Bank Whistleblower Who Rejected a Multimillion Dollar Award ProMarket interviews Eric Ben-Artzi, the former Deutsche Bank risk officer turned whistleblower who rejected an $8.25 million award from the SEC.  In May 2015, Deutsche Bank agreed to pay a $55 million fine to the Securities and Exchange … Read more

Foreclosure Fraud Aftermath: Disabled Combat Veteran, Family Forced from Home

“Why is this legal to take these properties? Why is this legal? Why is this happening?” ~ Disabled combat veteran, family forced from home Surprised? Not me… After paying $1,100 a month in rent, they could be evicted because the company renting the house, RHMG Inc. (Residential Home Management Group, Inc.), never technically owned it … Read more

FEDSPEAK: The Gordon Gekko Effect – The Role of Culture in the Financial Industry

The Gordon Gekko Effect: The Role of Culture in the Financial Industry Culture is a potent force in shaping individual and group behavior, yet it has received scant attention in the context of financial risk management and the 2007-09 financial crisis. This article presents a brief overview of the role of culture as it is … Read more

What Are The Differences Between The FDCPA And The FCCPA?

What Are The Differences Between The FDCPA And The FCCPA? If you have problems with old debts or debt collector harassment, you will likely hear a lot of acronyms. Two of the most important for consumers are the Fair Debt Collection Practices Act (FDCPA) and the Florida Consumer Collection Protection Act (FCCPA). The two statutes … Read more

Look Who’s Getting That Bank Settlement Cash, Hint… It’s Not You

Look Who’s Getting That Bank Settlement Cash Tens of millions of dollars disguised as ‘consumer relief’ are going to liberal political groups. Imagine if the president of the United States forced America’s biggest banks to funnel hundreds of millions—and potentially billions—of dollars to the corporations and lobbyists who supported his agenda, all while calling it … Read more