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#mortgage — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #mortgage, aggregated by home.social.

  1. Public Banks = #Answer to Life ?

    If you solve #Banks #exploitation / #power ( re-loaning your money all the time for their own power increase 🔼 )

    Then You Solve #Life (almost all problems get sorted better after this)

    #PublicBanks = Next Level of #Evolution / #Answer to Life

    Fuck most parts of:
    #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket #Mortgages #Marketing #Advertising #Mortgage #Loans #Finance #FudgedNumbers

    = #Cheating YOU behind YOUR back ⚠️
    = #Truth

  2. Public Banks = #Answer to Life ?

    If you solve #Banks #exploitation / #power ( re-loaning your money all the time for their own power increase 🔼 )

    Then You Solve #Life (almost all problems get sorted better after this)

    #PublicBanks = Next Level of #Evolution / #Answer to Life

    Fuck most parts of:
    #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket #Mortgages #Marketing #Advertising #Mortgage #Loans #Finance #FudgedNumbers

    = #Cheating YOU behind YOUR back ⚠️
    = #Truth

  3. Engin Tuncer (Eyüp Sabri Tuncer Yön. Kur. Bşk.):

    ''Bir insanın on beş tane, yirmi tane, yüz tane dairesi varsa bu kul hakkına girer. Gayrimenkul biriktirmek insanların barınma hakkını elinden almaktır.

    ✔️Ailemizde kimsenin ikinci dairesi yoktur. Ne şirketimizin ne de ailemizden hiç kimsenin bir tane kirada gayrimenkulü yoktur.''

    #ev #mortgage #faiz #haram #zulüm #zalim #hırsızlık

  4. In the Oct 11 message to Smith, Evans, the #FannieMae #mortgage executive, also added others to the email chain because they “were involved with this week’s efforts to compile this information” & he wanted to “make sure you do not exacerbate this issue.”

    Danielle McCoy, Fannie Mae’s general counsel, weighed in, adding that the information Smith provided to #FreddieMac should “never be shared” & “could put the company at risk.”

    #law #scammers #housing #affordability #BillPulte #Trump

  5. …Soon, a team at #FannieMae was overseeing an effort to pull together a tranche of #mortgage data, according to emails reviewed by the AP. Smith played a central role and shared the #confidential lender-level pricing information with #FreddieMac, which set off alarms at both companies, according to the emails.

    #law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #BillPulte #Trump

  6. #BillPulte ’s power over the #mortgage lending industry is unusual. Not long after his #Senate confirmation, he appointed himself chairman of both #FannieMae & #FreddieMac, which hold trillions of dollars in assets. The companies serve as a crucial backstop for the home lending industry by buying up mortgages from individual lenders, which are packaged together & sold to investors.

    #law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #Trump

  7. …The Wall Street Journal reported this week that some #FannieMae #ethics & #oversight officials who were fired last month had been investigating whether #BillPulte improperly obtained #mortgage information for #LetitiaJames, who was charged last month with bank fraud after Pulte sent a criminal referral to the #DOJ. She said the charges, which she denies, are politically motivated.

    #law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #Trump

  8. In June, #BillPulte ordered #FannieMae & #FreddieMac to prepare a proposal for the firms to accept #cryptocurrency, another industry #Trump has boosted, as part of the criteria for buying mortgages from #banks. Last week, he persuaded Trump about the allure of a 50-year #mortgage as a way to increase home buying & building—a proposal that was widely criticized because it would drastically increase the overall price of a #loan.

    #law #scammers #housing #HousingCrisis #affordability #CostOfLiving

  9. “Lauren, the information that was provided to #FreddieMac in this email is a problem,” Malloy Evans, snr VP of #FannieMae’s single-family #mortgage division, wrote in an Oct 11 email. “That is confidential, competitive information.”

    He also copied Fannie Mae’s CEO, Priscilla Almodovar, on the email, which bore the subject line: “As Per Director Pulte’s Ask.” Evans asked Fannie Mae’s top attorney “to weigh in on what, if any, steps we need to take legally to protect ourselves now.”

    #law #Trump

  10. Gotta wonder WHAT happened?!!

    Wikipedia:" #Fiserv , Inc. is an American multinational company headquartered in Milwaukee, Wisconsin. Fiserv provides financial technology and services to clients across the financial services sector, including #banks, thrifts, #CreditUnions, securities broker dealers, #mortgage, insurance, leasing and finance companies, and retailers."

    #BankingOutage #OnlineBanking

  11. As a child, Mathew Desmond experienced poverty firsthand.

    He saw his family home repossessed and endured the stresses and humiliations of his family’s lack of means.

    It raised the question that he would go on to dedicate his professional life to answering:

    ❓Why is there such stark #inequality in America?❓

    The hard truth, he said, is that
    💥so many of us benefit from it.💥

    Desmond shared a litany of statistics illustrating the growing burden of poverty and inequality in the United States:

    • 1 in 3 families live in a household that has an income of $55,000 a year or less.
    • 38 million people are below the federal poverty level of $30,000 for a family of four.
    • Evictions have increased by 22% since the turn of the century.
    • The number of public-school kids who are unhoused has increased by 74% since the turn of century.
    • The amount of inflation-adjusted, non-mortgage debt has increased by more than 200% -- and the number of families reporting no income apart from food stamps has quadrupled since the 2008 recession.
    • Since 1985, rent increases have outpaced wage growth by 325%.
    • Each year, people are charged $11 billion in overdraft fees and $10 billion in payday loan fees.

    “So, here's one reason there's so much poverty in America today:

    because the poor are #exploited,”
    said Desmond, author of the Pulitzer Prize-winning book "Evicted" and his more recent work "Poverty, by America".

    “I think it's a word we should use more.”

    👉The exploitation is perpetuated, not only by the corporations, financial institutions, and landlords who withhold fair wages, charge exorbitant fees, and profit off those in poverty,
    👉but also by affluent Americans who benefit from the exploitation, he said.

    Desmond quoted an analogy from novelist Tommy Orange,

    “Kids are jumping out the windows of burning buildings, falling to their deaths. And we think the problem is that they’re jumping.”

    🔥The American approach to poverty has often been to focus on those who are poor and what they can do to uplift themselves -- rather than changing the systems that keep them poor.

    This can be uncomfortable for those whose #property #values are protected by ⚠️segregation of affordable housing,
    those who have invested in the #stock #market and make money when ⚠️exploitative corporations net profits,
    and those with #free #checking #accounts that are ⚠️subsidized by the poor who pay fees for their lack of capital, he explained.

    The affluent also benefit from government subsidies more than the poor, he said.

    According to Desmond, the #wealthiest families in the United States receive an average of about 🔷$35,000 annually in tax benefits, while the #poorest get an average of ♦️$25,000 in subsidies.

    These are realized in #mortgage #incentives, special #investment #accounts, like #529 accounts that help pay for college, and other #tax #breaks for the wealthy.

    Many affluent families further contribute to poverty by building communities that exclude and marginalize the poor
    — pushing them out of their neighborhoods using #zoning ordinances, Desmond said

    aamc.org/news/we-can-solve-pov

  12. Anyone who's ever had a mortgage with Mr. Cooper is now at risk for ID theft and other fraud, because the leak includes SSN and bank account information.

    Anyone affected should immediately start monitoring all financial accounts on a regular basis (weekly if possible) and checking credit reports on a regular basis (these are now available weekly).

    #MrCooper #Nationstar #DataBreach #IDTheft #Mortgage

  13. Last Friday, the huge mortgage servicing company notified state and federal regulators that the recent cyber attack affected "substantially all of our current and former customers" and resulted in a leak of:

    • customer names
    • addresses
    • dates of birth
    • phone numbers
    • Social Security numbers, and
    • bank account numbers.

    👇

    #MrCooper #Nationstar #DataBreach #IDTheft #Mortgage

  14. Mr. Cooper just spilled the beans - again.

    If Mr. Cooper has ever handled your mortgage, you might remember a couple of months ago when the mortgage firm stopped taking online payments due to a cyberattack.

    👇

    #MrCooper #Nationstar #DataBreach #IDTheft #Mortgage

  15. I guess I'll be getting a hack notification letter from Mr. Cooper soon.

    My wife and I were so excited and proud to pay off our mortgage a few years ago. Sounds like that may not have been enough to get us off Cooper's books and protect our data.

    Story from @zackwhittaker techcrunch.com/2023/12/18/mr-c

    #infosec #hacking #hack #realestate #mrcooper #mortgage