Entries by Lindsay

Pennsylvania sues rent-to-own operator Vision Property Management for preying on low-income renters

Vision Property Management has already run into trouble in Wisconsin and New York, with each state claiming that the company’s rent-to-own business model is actually a scam designed to prey on low-income individuals who want to buy a home. And now, the company has another state to deal with: Pennsylvania. Pennsylvania Attorney General Josh Shapiro […]

Citibank fined $30 million for holding onto foreclosures for too long

Citibank was fined $30 million by federal banking regulators after an investigation found that the bank was not selling foreclosed homes back into the market fast enough. The Office of the Comptroller of the Currency announced Friday that it fined Citibank $30 million for “violations related to the holding period of other real estate owned.” […]

Housing market flashing recession signal

The housing market is signaling there will be an economic recession by the 2020 election, according to Benn Steil, director of international economics at the Council on Foreign Relations. “Looking back at the years preceding the 2008 financial crisis, a critical warning sign was the surging gap between the growth in home prices and household […]

Mortgage industry veteran Brian Fluhr to lead Veros marketing

Veros Real Estate Solutions, a developer and distributor of innovative mortgage technology and HW Tech100 winner, is bringing on industry veteran Brian Fluhr as vice president of marketing.  The company announced the hire this week, stating that Fluhr will oversee branding, demand generation, and product marketing for all Veros products. “Throughout his career, Brian has […]