Sunday, October 12, 2025

MUST READ!!-----Regarding NY AG @TishJames, this tweet is by SMB Attorney(@SMB_Attorney)

“I spent years as a mortgage banker at Quicken Loans (now Rocket Mortgage), the number one mortgage lender in the country, before I ever went to law school. - Harriett Lublin
“Not trying to make a political point here.
“I spent years as a mortgage banker at Quicken Loans (now Rocket Mortgage), the number one mortgage lender in the country, before I ever went to law school. 
So when I see stories like this, I look at them a little differently.
  • How you classify a property as a primary, secondary, or investment home changes everything about the loan. 
The down payment, the interest rate, the underwriting, all of it.
  • “Primary or secondary homes can get by with as little as 3 to 10 percent down.
  • “Investment properties usually require 25 percent or more.
“So if you’re a brand new real estate investor with limited cash, there’s a big incentive to call something a ‘second home’ instead of an ‘investment property.’...
What @TishJames is accused of doing is straight-up fraud, lying to secure favorable terms.
Sev Onyshkevych - Exactly. Trump's "crime" was not a crime and his valuation had zero to do with the terms of the loan.
Hers is for real.
#FAFO

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