And Again – Wells Fargo Employees Improperly (aka illegally) Altered Documents

Wells Fargo Employees Improperly Altered Documents Wells Fargo& Co. found that employees in its wholesale unit added information to internal customer records without the clients’ knowledge, the Wall Street Journal reported, citing people familiar with the matter it didn’t name. The bank discovered the improper activity and reported it to the Office of the Comptroller … Read more

Why Big Banks LOVE Paying Fines to the U.S. Government

“Deutsche Bank said they were happy to settle with the Federal Reserve. Why is Deutsche Bank happy to settle? Because their assets are pushing $2 trillion according to Forbes. The bank brings in tens of billions of dollars each year. Under the circumstances, $156 million is a small price to pay to get the Fed … Read more

Eviction Cases Piling Up High Amid Housing Crisis

Eviction Cases Piling Up High Amid Colorado’s Housing Crisis DENVER — The Denver metro area’s ever-growing cost of living, stagnant wages and lack of affordable housing is filling up the dockets at eviction courts across the region and state. Colorado Center on Law and Policy, which advocates for tenant rights, says the Denver metro area … Read more

The Death of Retail: 77 Million Square Feet of Shopping Space Shuttered So Far in 2018

The Retail Real Estate Glut Is Getting Worse Stores have announced the closing of 77 million square feet of shopping space so far this year The fall of the Toys “R” Us chain, with more than 700 U.S. stores, shows how much retail real estate has changed in just the last decade. When KKR & … Read more

Subprime Mortgages Make a Comeback with a New Name and Soaring Demand

“It will allow its borrowers to have FICO credit scores as low as 500. The current average for agency-backed mortgages is in the mid-700s. Borrowers can take out loans of up to $1.5 million on single-family homes, townhomes and condominiums. They can also do cash-out refinances, where borrowers tap extra equity in their homes, up … Read more

The End is Near! Debtors Have Stopped Paying on their Mobile-Home Loans

People have stopped paying their mobile-home loans, and it’s a warning sign for the economy Delinquencies on mobile-home loans have increased by 2 percentage points over the past year, according to research cited by UBS. The rising delinquency rate, combined with signs of stress in other areas of the consumer-finance market, suggests there’s a two-speed … Read more