Tag:
short sales
Latest Headlines
Latest Headlines
Banks embrace short sales over foreclosures
Short sales are difficult and fraught with delays. From the mortgage holder end, they are often maddening. But they are becoming more popular, and banks are taking steps to institutionalize the process a bit, making them much easier to effect.
Massive short sale highlights need for risk management
FINRA has fined Southwest Securities, a small clearing firm, for allowing a correspondent firm to make a reckless short sale that ultimately cost it dearly. FINRA cited poor due diligence, risk
The flip side of foreclosure fiasco: Short sale fraud
Let's face it: Short sales were never easy. The paperwork is messy, the banks sticklers, the uncertainty extreme. But it sounded to many like the least worst option. And many against-the-wall
Short-sale fraud on the rise
What is it about the real estate and mortgage industries: they always seems so rife with fraud. This was true of course in the heady days of the bubble, when tons of fraud ( fraud news) occurred in
Time to tweak short selling systems?
There has been no shortage of changes to the short-selling rules over the past year or so. The financial crisis and the subsequent financial stock meltdown led to all sorts of temporary bans and
