Brokers are licensed and heavily regulated.

It notified law enforcement agencies and federal regulators after the break-in was discovered on November 10.RELATED ARTICLESSeveral Attacks Behind CheckFree Data BreachSecurity Flap Slams Wells Fargo Over Data BreachUncertain Future Adds to Security ConcernsFor more stories on this topic: Among other things, RBS WorldPay offers pre-paid payroll and gift cards.

I agree that this is disturbing news but absolutely to be expected.The world economy is in a shambles and whether you put the blame on our industry, lack of government regulation, the not so federal Federal Reserve or alien visitors... the results are clearly going to be far reaching and long lasting.

." - Thomas Jefferson "A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned - this is the sum of good government." - Thomas Jefferson "I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." - Thomas Jefferson "To take from one because it is thought that his own industry and that of his father’s has acquired too much, in order to spare to others, who, or whose fathers, have not exercised equal industry and skill, is to violate arbitrarily the first principle of association—the guarantee to every one of a free exercise of his industry and the fruits acquired by it." - Thomas Jefferson

Though I enjoy the work work I do on my 9-5 job, I despise a structured environment, corporate politics and I generally just don't fit into that environment very well.

Demos, Wholesalers are basically like realtors without license, guidelines, rule or regulations.

Not a single bit of federal or state legislation anywhere regulating a bit of that industry and every person with a pulse is buying gold for "investment" like they were buying "investment" houses in 2004.

Specifically, section 5107 of the SAFE Act, entitled “Secretary of Housing and Urban Development Backup Authority to Establish a Loan Originator Licensing System†provides that after the time periods for compliance allowed by the statute, if the “Secretary determines that a State does not have in place by law or regulation a system for licensing and registering loan originators that meets the requirements of sections 5104 and 5105 and subsection (d) of [section 5107], or does not participate in the Nationwide Mortgage Licensing System and Registry, the Secretary shall provide for the establishment and maintenance of a system for the licensing and registration by the Secretary of loan originators operating in such State as State-licensed loan originators.†HUD’s review of state compliance is limited to sections 5104, 5105 and 5107(d).

Just goes to show dthat the government, their agencies and the regulations they impose are so far beyond ridiculous, it is no laughing matter!

I'll add a comment without making a prediction.As a property owner under an accelerating inflation environment - especially, egads, if we hit double digit inflation, take care of both ends of your cash flow.