Zombies, fraud and opportunity: All the mortgage stats you might’ve missed

JPMorgan Chase Institute’s default rates associated with people who do and don’t have savings, Attom’s Q2 numbers on median opportunity zone home prices, MagnifyMoney’s retirement stats — as the summer comes to an end, here’s a roundup of some recent m… Continue reading

Danger: Don’t Fall for the Phony ‘AppleCare’ Scam

As a freelancer who often writes about personal finances and careers, I like to think I’m above average in my knowledge of things related to money. But I felt pretty foolish when, in a vulnerable moment, I recently gave scammers direct access to my ban… Continue reading

Investors sue Realogy, allege fraud over agent commissions

The Rosen Law Firm, which a month ago threatened a class action lawsuit, pulled the trigger Thursday, filing a federal suit in the US District Court of New Jersey. Continue reading

SEC charges real estate developer with fraud in Ponzi-scheme

The U.S. Securities and Exchange Commission filed an emergency action Thursday against New York State real estate developer Robert Morgan. Continue reading

Modus wants to make earnest deposits as easy as Venmo-ing

Modus hopes to bring that same ease of use to the process of paying earnest money. In an email, Modus co-founder and chief operating officer Jai Sim told Inman that users can connect Digital Earnest Money Deposit to their bank accounts, though it is no… Continue reading

NY developer sentenced to 6 years in prison for fraud

A New York-based real estate developer was sentenced to six years in prison on Thursday for running a years-long scheme to defraud investors of $58 million, the U.S. Attorney’s Office for the Southern District of New York announced.  Continue reading