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
No Change In Interest Rates Expected At Fed’s May Meeting am EDT The U.S. Federal Reserve will set interest rates again on May 1. Fixed income markets expect that rates will remain at 5.25%-5.5%, as they have since last July. Nonetheless, summer cuts are...
Collateral Damage From Fed Policy (3): Money Market Funds, A ‘Powder Keg’? ...previous column, I examined the impact of the rate storm on the housing market. Here the focus is on another multi-trillion dollar segment of the financial system, where rising rates may be distorting...
Trade Finance As An Inflation Hedge And Strategic Investment Choice am EDT Founder and Managing Director Artis Trade Invest and Artis Trade House—providing insured or collateralised trade solutions. In the current economic environment, characterized by enduring...
Fed officials are now considering fewer rate cuts this year CNN — Americans hamstrung by high borrowing costs on car loans, mortgages and credit cards shouldn’t expect much of a break this year. That’s because some Federal Reserve officials are...
Public Employment Still Hasn’t Caught Up From The Great Recession am EDT The labor market has been booming for years, but the speedy recovery from the depth of the pandemic-induced recession has been uneven. Even as aggressive fiscal policy interventions helped...
Finding The Goldilocks Scenario For Cyber Threat Response am EDT Chief strategy officer with Sevco Security, security industry entrepreneur, board advisor, investor and author. We’ve been hearing a lot lately about the Goldilocks scenario in which the...
Biden Administration Takes Aim at Local Housing Regulations A lack of adequate affordable housing has been on the Biden administration’s task list for some time. The Economic Report of the...
Kingfisher Shares Drop As Annual Profits Slump Again ..."interest rate cuts cannot come soon enough for Kingfisher who, like the housing market, has found itself treading water and struggling to produce any growth." Crouch added that "while the business...