Heroic Investing

Heroic Investing Blog

Mortgage Lenders Try a New Image

Mortgage Lenders Try a New Image

The nation’s big banks are trying to clean up their image, and Bank of America is leading the way. With a brand new ad campaign aimed at r3estoring trust and winning the hearts of new customers, BofA aims to shed the baggage of its dirty past and eradicate consumers’ image of the banking industry,...

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Are Bullets the Next Bubble?

Are Bullets the Next Bubble?

All across the US, bullets are vanishing from store shelves. Although the popularity of guns and gun ownership continues to rise in the wake of fears about gun control. The population of hunters, target shooters and owners of guns for personal protection hasn’t risen fast enough to justify the current...

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Stolen Listings and Zombies: More Real Estate Scams

Stolen Listings and Zombies: More Real Estate Scams

If the Nigerian money transfer scheme weren’t enough, a variety of other real estate scams continue to circulate, trapping not just sellers, but also buyers and renters, too. The aftermath of the housing collapse created conditions ripe for scamming, as foreclosures spread, banks mishandled mortgages...

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The Nigerian Scam Targets Real Estate

The Nigerian Scam Targets Real Estate

The Nigerian Internet scheme is so well known, it’s become a joke. But now, variations of that scam are targeting the housing market, snagging unwary home sellers and buyers with a mix of pathos and pressure on marketplace sites like Craigslist and eBay. Fraud specialists in large housing markets warn...

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Bitcoins: Challenging Ideas About Money

Bitcoins: Challenging Ideas About Money

Money has come a long way from its early days when societies assigned a value to objects and allowed them to be used in trade for other things. In most of the world, modern currency is centralized, issued only by authorized entities and usually backed by a valuable physical commodity such as gold. But...

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How Does LIBOR Affect Your Investments?

How Does LIBOR Affect Your Investments?

In recent posts we’ve been talking about the ongoing lawsuits involving several leading banks and charges that they rigged LIBOR rates, with implications not just for international investing, but also for mortgage rates at home. But the well-publicized US District Court decision to dismiss a number...

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The Banks Win a Round in LIBOR Cases

The Banks Win a Round in LIBOR Cases

Score one for the big banks. Since the housing collapse, major US lenders have been under fire for a variety of fraudulent practices committed against mortgage holders, investing partners and event he federal government. With new settlements, legislation and lawsuits appearing on a seemingly regular...

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Zombie Properties:  Coming to a Neighborhood Near You?

Zombie Properties: Coming to a Neighborhood Near You?

Everyone knows about the shadow inventory of foreclosed houses. But how about the zombie inventory? That’s the term coined by a January 2013 Reuters report on homes abandoned by their owners after receiving a notice of foreclosure from their bank. But here’s the catch: in these cases the banks never...

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Big Banks Still Fight Fraud Charges

Big Banks Still Fight Fraud Charges

The big players in the post- meltdown mortgage fraud scandal continue to behave badly in spite of settlements, suite and legislation. And as legal actions set in motion years ago work their way through the courts, the nation’s large mortgage lenders continue to fight allegations of fraud and duplicity...

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Women: the Hidden Rental Market

Women: the Hidden Rental Market

A number of shifts in the US economic landscape over the past few years has created a surging market for rental housing, driving up both demand and rents in many areas around the country. Industry experts cite factors such as the housing collapse of 2008 along with shaky financial conditions as the primary...

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