The likelihood of a Fed interest rate hike next week just got a lot higher
"As the conflict with Iran drags on longer than many expected, inflation pressures are becoming increasingly entrenched, leaving investors in search of a catalyst strong enough to change the inflation narrative," wrote Jeffrey Roach, chief economist at LPL Financial. "At this rate, a hike in rates next week appears likely."
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Husband and Wife Get Prison for Elaborate Scheme To Sell Homes They Didn't Own
A married couple who entered the United States from Mexico on tourist visas have been sentenced for their roles in a sophisticated real estate scam that involved selling homes they did not own and laundering approximately $1 million in proceeds. Victor Hugo Villalobos Almazan and Nayeli Noemi Montoya Rodriguez were sentenced to 27 months and 10 months, respectively, in the U.S. District Court of Southern California after pleading guilty to posing as legitimate property owners and using forged documents to sell homes they did not own to unsuspecting buyers.
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FBI issues warning to US homeowners with 100% paid-off mortgages - new update reveals major risk. Is your house exposed?
Criminals don't need to break into your property. They impersonate you instead. First, fraudsters collect the owner's personal information. According to the FBI, those details can come from county or state websites, data brokers, stolen accounts, phishing schemes, the dark web or hackers. Armed with that information, they can create fake driver's licenses or passports, open email accounts and use internet-based phone numbers to pose as the owner.
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HelloNation Features Title Insurance Expert Gina Curran on Why Refinancing May Involve New Title Work
Why does refinancing a mortgage often require new title work? HelloNation has published an article featuring insights from Gina Curran of Stewart Abstract of Berks County that explains why new title work is an important part of refinancing a mortgage and how it helps support a successful mortgage refinance. The HelloNation article explains that while homeowners often focus on interest rates, home values, and credit qualifications, refinancing a mortgage usually includes a new refinance title search. Because the lender is issuing a new loan, updated title information helps satisfy lender requirements by confirming the property's current legal status before closing.
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