Realtors®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email. A hacker will break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker will send an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email will contain new wiring instructions or routing information, and will request that the Buyer send funds accordingly. >> Learn how to be WireSafe
Can Alternative Forms of Collateral Influence Mortgage Costs? ...felt this far out of reach. Home prices sit near record highs. Mortgage rates have hovered around roughly 6 to 7% for the better part of three years. Affordability, measured by the share of...
Fed Chairman Warsh names members of monetary policy task forces Federal Reserve Chairman Kevin Warsh on Thursday unveiled the members of the five task forces that will examine key issues that shape US monetary policy. In addition to economists and former central...