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REITs and Agency Mortgages

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Real estate investment trusts (REITs) are a favorite among cash flow-seeking investors. By law, REITs must return 90% of their operating earnings back to shareholders in the form of dividends. While this similarity makes REITs look like cookie-cutter investments, they are anything but. Let’s run through the several different types of mortgage REIT investments: Agency … Read more

Insurance agent who set up “fraudulent agency” arrested for theft

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A former insurance agent has been arrested for allegedly taking part in a scheme that saw him steal multiple victims’ identities in order to open a “fraudulent insurance agency”, the California Department of Insurance said on Thursday (August 18). Francis Okyere, 70, was previously licensed as an insurance agent in Westlake Village. He is also … Read more