How surprising! This morning at CNBC.com, Reuters news services is reporting that the Department of Justice has dropped charges against Fannie Mae and has concluded their investigation. Fannie Mae was “fined” $400 million. “The Justice Department probably decided that there was little to be gained by bringing charges against the company because that would only…
Author: S-Crow
"S-Crow" (Tim Kane) is co-owner (with spouse Lynlee, LPO-Designated escrow Officer) of Legacy Escrow Service, Inc., an authentic independent escrow firm closing residential purchase/sale and refinance transactions.
My heated argument & bombshell shocker
I got into a great argument with one of my allied real estate professional hate mail fans recently. It was good. Educational and revealing too. Not too much spit exchanged. Not like an in your face Lou Piniella type tirade, but quite animated. Man, can you imagine the comments from Lou over the past couple…
US Financial Systemic Risk: Fannie Mae & Freddie Mac
I know many readers have asked me to provide information regarding the tightening of lending standards. In researching this (maybe some loan officers that sleuth this site could be much more helpful) I did find the following: August 11, 2006–Federal Deposit Insurance Corp. Chairman Sheila Bair says federal banking regulators are still a few months…
Greed at all costs
There is nothing more vile, obscene, unethical and disgusting than predatory lending to the elderly by loan officers with absolutely no moral compass. There is nothing more that I can add to this post. Please read the rules before posting a comment. Seattle Bubble Tip Jar
Title Insurance: Kickbacks, Competition & Prices
Forward: “I have a keen interest of Ethics in Business, particularly real estate. A good portion of my comments, questions and posts are with this in mind. And, frequently, our office comes across ethical issues that we encounter or observe from clients, loan officers and Realtors that we work with everyday.” – Tim Kane (Blog…