Sen. Bob Corker (R-TN) is in the spotlight for alleged insider trading involving one of the biggest shopping mall REITs in the country after the Wall Street Journal started asking questions. Turns out, it was just the tip of the iceberg.
Although Federal Reserve Vice Chair Janet Yellen is likely to be confirmed as Ben Bernanke's replacement, Sen. Bob Corker, R-Tenn., is asking questions about whether a Yellen Fed would continue to depend on aggressive monetary policies.
Sometimes offshoring sounds like a bad word. In reality, offshore mortgage servicing simply means using remote staff, usually to take advantage of lower labor and overhead costs and round-the-clock staffing availability. But legitimate questions remain. In the midst of increasing compliance pressures, is offshoring a sound strategy for mortgage servicers looking to stay competitive, or a fast track to dissatisfied customers and trouble with the CFPB?
Houses that have been rehabbed in the recovery project are now being sold as quickly as they are completed, and the profit on each house goes right into rehabbing the next one. In the past two years, the company has rehabbed and sold 58 homes, and has plans to do 200 more.
The fate of the Fannie and Freddie investors is not our concern. We are concerned about what happens to communities. And what is happening right now is that the future ability of working class families to obtain responsible home loans is in serious jeopardy.