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Fintech Giant Wirecard Collapses, Ex-CEO Arrested After $2B Goes Missing

Fintech Giant Wirecard Collapses, Ex-CEO Arrested After $2B Goes Missing

Friday, 03 July 2020
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Payments processing giant Wirecard has filed for insolvency amid a massive accounting scandal that led to the resignation and subsequent arrest of its CEO over a missing $2 billion. So reports CNN. Read more...
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Mortgage Fraudster Gets Another 25 Months for Auto Scam

Mortgage Fraudster Gets Another 25 Months for Auto Scam

Thursday, 02 July 2020
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A used car dealer has been sentenced to 25 months in prison for running an auto loan scam while he was on supervised release for a prior mortgage fraud conviction. So reports Patch.com. Read more...
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Mortgage Scam Lawyer Ejected From Legal Profession

Mortgage Scam Lawyer Ejected From Legal Profession

Wednesday, 01 July 2020
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An attorney who pleaded guilty last year for his participation in a scam involving almost 60 homeowners and $33 million in mortgages has been banned from practicing law. So reports Westfair Online. Read more...
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Home-Financing Startup EasyKnock Raises $20M

Home-Financing Startup EasyKnock Raises $20M

Saturday, 20 June 2020
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EasyKnock, an alternative home-financing company, has announced a $20 million funding round. So reports The Real Deal. Read more...
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Ex-Loan Officer Pleads Guilty in Three-Year Mortgage Fraud

Ex-Loan Officer Pleads Guilty in Three-Year Mortgage Fraud

Tuesday, 23 June 2020
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A former loan officer for an unnamed mortgage lender has pleaded guilty to a federal charge of conspiracy to commit bank fraud, according to U.S. Attorney Craig Carpenito. So reports The Monmouth Journal. Read more...
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Condo Scam Spells Prison Time for Ex-Mortgage Broker

Condo Scam Spells Prison Time for Ex-Mortgage Broker

Wednesday, 24 June 2020
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A former Florida mortgage broker has received a 15-month prison sentence after pleading guilty in a mortgage fraud scheme that cost banks more than $5 million. So reports the Tampa Bay Times. Read more...
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Sales Success in the Best of Times and the Worst of Times

Sales Success in the Best of Times and the Worst of Times

Thursday, 25 June 2020
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During a recent training session on recruiting originators, I described our current mortgage environment as the “best of times and the worst of times.” Read more...
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Ask The Expert: How Do I Improve?

Ask The Expert: How Do I Improve?

Friday, 26 June 2020
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Ben from the South wrote to me saying: "I have been struggling in the industry for several years. I just can't seem to get to the point where I can make a decent living. I see other loan officers that do not know as much as I do, yet they do better than me. If… Read more...
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Bodnar of MMG: Negative Forces Vs. Positive Economic Indicators

Bodnar of MMG: Negative Forces Vs. Positive Economic Indicators

Friday, 19 June 2020
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Bill Bodnar of The Mortgage Market Guide discusses the negative forces behind the spike in coronavirus cases versus the positive economic indicators, including jobs, reopenings and more. He also discusses how mortgage rates dropped to another all-time low and how there's a limit to how much better they can get. Read more...
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Startup Pinwheel Raises $7M to Help Verify Income for Mortgages

Startup Pinwheel Raises $7M to Help Verify Income for Mortgages

Sunday, 14 June 2020
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Pinwheel, a startup offering an application programming interface for payroll data, has raised $7 million in seed round funding. So reports TechCrunch. Read more...
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