Posted To: Pipeline Press
How much would you pay to drive a cab? In New York City, in 2014, the price of a Taxi Medallion hit $1.3 million. With Uber and Lyft, Medallions are now running in the $200,000s to the $500,000s. These valuable licenses that allow yellow cabs to operate have historically been a solid investment for owners. I mention this because there are credit unions that allowed medallion owners to take out lines of credit using the medallion as collateral. Due to the collapse in value, enough medallion owners are now underwater that three New York lenders have been placed into conservatorship. Events and Training FAMC has published its August 2017 Wholesale "Monthly Customer Training Calendar". This month's calendar offers a variety of training opportunities such as "Loan Processing", "Mortgage Fraud: Potential...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2vXO3A7
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