MFI-Miami Blog

How To Reach The Mount Everest Of Credit Scoring Of An 850 Credit Score In Three Easy Steps! 200 million Americans with FICO scores. However, only about 3 million, or 1.4%, have a perfect 850 credit score. FICO credit scores range from a low of 300 to 850. Credit scores have become essential factors in getting approved for a mortgage or determining the interest rate you pay. It seems as if Americans have learned their lesson from the financial crisis. They have finally taken their credit score serious. Thus, more Americans are seeing credit scores above 800, according to an  article  by Suzanne Woolley for Bloomberg. Read more at MFI-Miami

The Government Of Italy Is Giving Away Land To Couples Who Have Third Child Between 2019 and 2021 The Government of Italy is  giving couples who want to have a third child  some economic incentive. They want to give them free land for twenty years. Married couples who conceive a third child between 2019 and 2021 are eligible. The incentive also has another motive. The government also wants to expand agricultural development.  The project also includes 200.000 euros with  zero rate mortgages . The abandoned lands are all located in the southern end of the Italian peninsula.   The Bank of National Lands and the  Demanio  administer the lands .  Demanio is the government agency in charge of state-owned real estate assets similar to a Land Bank here in the US.  Read more at MFI-Miami

British Royal Family Facing Possible IRS Raid Thanks To Meghan Markle’s American Citizenship Prince Harry and the British Royal Family are probably regretting their decision to let the prince marry American Meghan Markle. The former actress is still an American citizen.  Markle is legally obligated to pay taxes on foreign income. This includes money from the royal family and UK taxpayers.  An IRS investigation has the Queen and the British Royal Family hiring American tax experts. They want to thwart a nightmare audit or possible raid of royal assets.  A Buckingham Palace spokesperson told the UK Express: We’re looking at a level of financial exposure the Royal Family has never had to face before. A tax audit of the  Duchess of Sussex  could extend to anyone else she draws money from. This includes Prince Harry and the British Royal Family. An IRS probe could even extend to the Queen and Prince Charles as they provide funding for the...

Appraisal Institute Blasts Federal Regulator’s Insane Proposal To Eliminate Appraisal Requirements Have federal regulators turned the federal government into a crazy house ? The Appraisal Institute is not happy. They believe regulators have lost their collective minds. What has the Appraisal Institute freaking out?  The FDIC, the Federal Reserve and the Office of the Comptroller of the Currency are  proposing to eliminate  appraisal requirement on home sales of $400,000 and below. The three banking regulators proposed increasing the appraisal exemption threshold from $250,000 to $400,000. As a result, this means that some home sales of $400,000 and below would no longer require an appraisal. The FDIC also states that increasing the threshold would have exempted an additional 214,000 mortgages from needing appraisals. However, that is not the appraisal industry’s chief concern. Read more at MFI-Miami

The Credit Union CEO Kam Wong Pleads Guilty To Multi-Million Dollar Embezzlement Scheme The former CEO of the Credit Union pled guilty in Manhattan federal court to embezzling millions of dollars from the Credit Union. Kam Wong was the CEO of the oldest credit unions in New York credit union and the United States.  The Credit Union is also the oldest credit union in New York State and one of the oldest and largest in the country. In addition, it has more than 425,000 members in New York City.   United States Attorney Geoffrey S. Berman told the media: Kam Wong abused his position of trust as a guardian of municipal, state, and federal workers’ financial accounts to enrich himself. Wong stole money from the credit union that could have gone to the credit union’s members. He tried to cover up by making false statements to federal investigators and creating false and misleading documents.  Read more at MFI-Miami

Goldman Sachs To Offer Free Sex Changes For British Staff. The Bid Is To Rid Its Image Of An “Old Boys’ Club” International bank Goldman Sachs bank is  offering its UK employees  free sex-change surgery as part of the insurance policy. Goldman Sachs employees in London offices will also be able to receive hormone treatment free. The move is to encourage women to stay at the banking giant.  Women will also be able to receive IVF treatment. Apparently, the international bank has been offering sex-change surgery to American staff for a decade. They just never publicized it.  Women make up 26% of Goldman Sachs employees. Thus, the company is encouraging women to stay at the firm. As a result, Goldman has  become the first company  in the UK to ship working mothers’ breast milk home if they were posted overseas.   The banking behemoth has made the offer to its UK workers as it seeks to shake off its reputation that the company ...

Wells Fargo CEO Tim Sloan Dons His Grinch Costume Announces Mass Wells Fargo Firings For The Holidays Mass Wells Fargo firings have announced just in time for the holidays. Wells Fargo informed 1,000 employees their jobs will be eliminated. The bank’s consumer lending divisions will see the biggest hit. employees in those divisions will see 900 people lose their jobs. Wells Fargo also plans to cut the bank’s workforce by as much as 10% over the next three years. The mass Wells Fargo firings reflect the ongoing decreases in the number of Wells Fargo customers in default. It is also the result of the  declines in mortgage application volume . As a result, mass Wells Fargo firings will begin at Wells Fargo’s Des Moines, Iowa and Fort Mill, South Carolina facilities. The layoffs span Wells Fargo’s Consumer Lending and Payments, Virtual Solutions and Innovations groups. Employees at those facilities received “pre-notices,” on November 15th.  Read more at MFI-M...

Sore Loser Dan Gilbert And His Lawyers Have Joan Crawford Style Conniption Fit. They Refuse To Pay $740 Million Verdict  Sore loser Dan Gilbert is having another one of his  over-the-top Joan Crawford  style public conniption fits. It’s not the first time Gilbert and his organization have had temper tantrums when Gilbert doesn’t get what he wants. He did it  when Lebron James left the Cavaliers.  He did it when he was busted  putting security cameras on buildings  in Detroit he doesn’t own. Yet, the best Dan Gilbert meltdown happened when independent media in Detroit called Gilbert out about his  “I’m being bullied”  and  “I’m a victim of a shakedown”  spin in response to the federal government’s  False Claims Act lawsuit  against Quicken Loans. He began having a  Twitter meltdown  and tweeted: I know. Ignore them. Just once in awhile you have to let the lying venom filled wannabes know that th...

Seminole Hard Rock Casino Robber Dirk Lawrence Davis Faces Life In Prison Thanks To Family  Dirk Lawrence Davis has apparently watched the Oceans 11 movies one too many times. He thought it would be easy to rob Tampa Seminole Hard Rock Casino in broad daylight. It appears he was wrong and was also not very smart. He has pleaded guilty to robbery and to brandishing a firearm in furtherance for robbing the Tampa Seminole Hard Rock Casino. As a result, Davis now faces a minimum prison term of 7 years to life in federal prison. His sentencing hearing has been set for February 6, 2019. Davis allegedly entered the poker room of the Seminole Hard Rock Casino in Tampa. He walked up to the teller window brandishing a firearm. He told the teller: I don’t want to cause a scene. Give me hundreds. The teller complied and she gave Davis $20,000 in cash.  Davis fled the casino on foot. Surveillance cameras captured the robbery. As a result of seeing the surveillance ...

SMBD Enthusiast Scammed By Fellow Kinkster She Met On The FetLife Social Network A Michigan SMBD Enthusiast using a fetish app  FetLife  reported being scammed out of $7000 on November 10th. She reported the theft to the police in Taylor, Michigan. Taylor is 15 minutes south of Detroit. FetLife is a social media app for1 the SMBD community. FetLife  describes itself as the ultimate place to meet new kinksters in your area. It claims to be,  “like Facebook but run by kinksters like you and me.”  FetLife members share fetish fantasies via chat and photos. The site also encourages members to meet up. The Michigan SMBD Enthusiast was using the app when  she gave an unknown person the login information  for her Chase bank account. The scammer promised to deposit money in her account in return for kinky photos. The woman deleted the app when the funds never materialized. Read more at MFI-Miami

Ganja REIT Specializing In Financing Marijuana Farms Becomes The Best Performing REIT In The USA Innovative Industrial Properties Inc.   specializes in financing Ganja related properties. The company has tapped into a niche market conservative Wall Street has traditionally run from. Yet, Innovative’s Ganja REIT has become the best-performing real estate investment trust in the United States.  The potential of the marijuana industry has transformed Innovative into the best-performing American based REIT in the past 12 months. Shares have risen as much as 5.3% in the past 12 months. Innovative also offers America’s only publicly traded Ganja REIT. The company owns properties in eight states where its tenants produce cannabis products.  The federal government classifies Marijuana as a Schedule I controlled substance as it does with heroin. However, marijuana it’s legal under state law everywhere Innovative operates. That often means growers can’t find space with...

Foul Mouth Manhattan Rabbi Yechezekel Wolff Sued For $21 Million For Turning Historic Synogague Into Disco Members of the historic Congregation Emunath Israel in Manhattan are suing Manhattan Rabbi Yechezekel Wolff for $21 million. The congregants are suing the foul-mouthed rabbi for breach of contract. Congregants accuse of renting out the 100-year-old synagogue to people who throw wild dance parties. The dance parties created such as ruckus that neighbors called the police to complain on multiple occasions. The lawsuit also alleges Wolff ripped out old pews. He also allegedly ripped memorial plaques of Holocaust survivors off the walls because he didn’t want them to spoil fundraisers. Congregants also claim Wolff turned off the heat in the winter in order to “kill off the congregation”. The New York Post says it has obtained recordings of the Manhattan rabbi telling congregants to ‘go to hell’ when they complained. Wolff is heard in the recordings calling c...

Ocwen Financial Stock Plummets Faster Than Contestants On A Japanese Game Show. Is New Boss From PHH To Blame? Ocwen Financial saw its stock plummet last week by more than 17%. The company reported a net loss of $41 million or $0.31 per share for the third quarter of 2018. Ocwen Financial shareholders wonder if Newly appointed CEO Glenn Messina is up to the job fixing Ocwen. Messina is widely blamed for the problems that plagued PHH. Ocwen Financial also saw it’s net loss far exceeded its $6.1 million loss in the third quarter of 2017. The results underscore the mortgage service industry’s continued challenges to remain profitable amid weaker margins and intense regulatory scrutiny. Ocwen Financial stated that nearly a third of its pre-tax losses or $13.9 million in the 3rd quarter were attributable to its servicing segment.  The non-bank mortgage servicer also saw revenue fall 16% to $238.3 million during the third quarter. Ocwen Financial officially acquired P...

Paul Manafort’s Former Son-In-Law Jeffrey Yohai Busted In RE Scam While Waiting Sentencing In Another RE Scam Jeffrey Yohai has been busted again. This time for another real estate scam. Yohai is awaiting sentencing on another real estate scam. He concocted a variety of real estate scams that totaled more than $21 million.  Yohai is the former son-in-law of former Trump campaign manager and convicted felon Paul Manafort. The USOA arrested Jeffrey Yohai last week in Los Angeles.  Yohai tried to dupe lenders into providing loans based on false and inflated property appraisals. He also arranged short-term rentals of a luxury home and pocketed the profits without paying the property’s owner. An FBI agent states Yohai falsely told victims of his scheme that he has   “turned state’s evidence”   on Manafort. The FBI agent filed an affidavit in support of Yohai’s arrest. The agent also works with   Special Counsel Robert Mueller’s   inve...

Federal Trade Commission Busts Largest Real Estate Scam Is In The History Of The Agency  The Federal Trade Commission and U.S. Attorneys in Maryland   shut down an alleged $100 million real estate sca m   in Belize. The FTC said the scheme was  the largest real estate fraud  the agency has uncovered in its history.  The project was called   Sanctuary Belize.   The development drew thousands of investors from across the United States  to invest $500,000 or more  in the Central American country. The Federal Trade Commission Calls Sanctuary Belize A Huge Scam Developers promised investors they could build their dream retirement homes. The homes in the community would have every conceivable luxury amenity imaginable. This included an American-staffed hospital and an international airport. In addition, Sanctuary Belize also promised investors the lots would double or triple in value in two or three years. Convicted felon A...

Former WFAN Host Craig Carton Convicted Of Fraud For Ticket Reselling Scam Former WFAN morning   show host Craig Carton was convicted of securities fraud yesterday.  Carton told the Associated Press: I need to let it sink in now. I’m going to go home and hug my kids and let my lawyers deal with the rest of it. His lawyers said they planned to appeal the verdict. the court found Carton guilty of wire fraud and securities fraud. The jury also found him guilty of conspiracy. Carton faces up to 45 years in prison. The USAO alleged that Carton was more involved than he claimed. They presented  emails between Carton and others  showing his involvement in the scheme. The government also alleged Carton fabricated contracts for blocks of tickets. Read more at MFI-Miami

Ditech Holdings Booted From NYSE As Financial Troubles Persist At the Once Bankrupt Mortgage Servicer Things aren’t going well at Ditech Holdings. The New York Stock Exchange has booted the mortgage servicer formerly known as Walter Investment Management. Ditech Holdings  emerged  from Chapter 11 bankruptcy in February after  eliminated $800 million  in corporate debt. The company also officially  changed its name  to Ditech Holdings. That came at the end of a long string of financial losses which was the result of the company’s revolving door of CEOs. But none of that was enough to stem the tide. Read more at MFI-Miami

Acting US Attorney General Matthew Whitaker Was Part Of Miami-Based Patent Scam That Bullied Inventors President Donald Trump fired US Attorney General Jeff Sessions today. That in itself is no surprise. But the surprise came from who Trump named as Acting US Attorney General. Trump named Session’s chief of staff, Matthew Whitaker. Whitaker is the former US attorney in Iowa. However, few people know about his involvement in World Patent Marketing. World Patent Marketing was a sham patent marketing company. The Federal Trade Commission shut down World Patent Marketing last year. The newly crowned Acting US Attorney General Whitaker sat on the board of World Patent Marketing. He also liked sending out Trump style threatening emails to former customers who complained. One customer complained after he spent thousands of dollars and did not receive the promised services. Court records obtained by  New Times  for a 2017 feature about the fraudulent company   s...

Rudy Giuliani Claims He’s Flat Broke In Divorce Filings Although He Pocketed A Cool $9.5 Million Last Year Rudy Giuliani, the former mayor of New York, claims he is too  broke to pay his estranged wife alimony .  This is despite making $9.5 million last year,  the  New York Post  reports. The lawyer for Judith (Nathan) Giuliani described the Trump lawyer as experiencing “sudden income deficit syndrome.” Judith Nathan’s lawyer Bernard Clair told Manhattan Supreme Court Justice, Michael Katz: The symptoms of the SIDS program is front and center. First, Mr. Giuliani claims financial trouble that existed only post-commencement. His actions and his finances and his expenses don’t comport with the claim of his income diminishment. Nathan wants Giuliani to pay for expenses for several of their shared residences. She also wants the former mayor to pay for their residences in Palm Beach and Southampton. In addition, Nathan wants Giuliani to pay for her per...

Former Brooklyn Assemblywoman Pamela Harris Is Going Prison For Fraud And Witness Tampering Former Brooklyn Assemblywoman Pamela Harris is going to federal prison for six months. She must also perform 400 hours of community service following her conviction. Harris pleaded guilty to two counts of wire fraud, one count of disaster relief   fraud and one count of witness tampering. The Court also imposed restitution of $70,400 and forfeiture of $10,000. She resigned from the New York State Assembly on April 2, 2018. She pleaded guilty to committing fraud on June 12, 2018. United States Attorney Richard P. Donoghue announced: Pamela Harris has been held responsible for stealing tens of thousands of dollars in government funds set aside for underserved children and funds allocated for victims of Hurricane Sandy, as well as lying and presenting fraudulent documents to the FBI when her crimes were uncovered. She betrayed the trust placed in her by her constituents.   ...

Hudson Valley Credit Union Busted Illegally Repossessing Cars Of Active Duty Military Personnel Serving Overseas Hudson Valley Federal Credit Union has agreed to pay $95,000 over allegations that it violated the Servicemembers Civil Relief Act. SCRA-protected service members accused the credit union of illegally repossessing their cars. Hudson Valley Credit Union will pay $65,000 to compensate 7 service members whose cars it unlawfully repossessed while overseas. The credit union also will pay a civil penalty of $30,000 to the federal government.  The USAO investigation found seven additional victims as a result of the investigation. It was also discovered the credit union also did not have any written policies dealing with SCRA’s protections. They also found the credit union did not have any procedures in place for non-judicial repossessions. Read more at MFI-Miami

Experience The Most Assertive Massachusetts Foreclosure Defense Team Ever Assembled MFI-Miami has created the most assertive Massachusetts foreclosure defense team Rhode Island has ever seen! We are the only foreclosure and mortgage experts with the strength to successfully challenge any mortgage lender in a Massachusetts courtroom. Our competitors show off one or two victories but they can’t beat our track record. How do we know this? Because  we have the track record to prove it .  MFI-Miami has become a lender’s worst nightmare. Why? MFI-Miami has successfully challenged some of the most arrogant foreclosure mill lawyers and lenders in Massachusetts. Steve Dibert has also helped keep lenders from discriminating against Hispanics and people of African and Caribbean descent. In addition, he has helped keep combat veterans in their homes.  Furthermore, MFI-Miami also has access to some of the top forensic accountants and former FBI agents avail...