Are there times that you doubt your choice to venture into entrepreneurship? This is a stage every investor goes through at early stages of business. One of the ways to fight this is by reading about other successful investors. This gives you an idea of what you are missing out on your plan. You learn what they did differently. From their stories, you also get to know how they dealt with challenges to make it. Todd Lubar is one of the prominent business people that every young business person can take learn from, for success.
Todd Lubar is the president of TDL Global Ventures, LLC. He is also Sr. VP to Legendary Investments. For 20 years, Todd Lubar has aided many people to get their dream homes. He began his business in Crestar Mortgage Corporation. Here he worked as a loan originator. This job gave him an experience in mortgage banking. He has also worked in the entertainment sector. Todd Lubar passion for helping the community is what motivates him to do his work.
20 years working in the finance and credit department, he realized that he wanted to help people achieve their goals. According to Inspirery, this was by eradicating the issues that blocked them from accessing loans. This was when the dream of TDL Global Ventures, LLC was born.
Besides being a successful investor, he is also a family man. His day begins with breakfast with his children and a cup of coffee. He then works out to ensure that he is energized and fresh for the day. The next thing he does is check his email and the news. By knowing what’s going on in the world and his new work updates, he can now plan his day.
Lubar says as an entrepreneur; you might have a lot of ideas. It is, however, the willingness to make them happen that can see you through. For him, he brings ideas to life through his past experiences and willpower.
Todd Lubar is a highly ranked mortgage originator. This is because of his success. He says for a dream to come true, there must be the willpower. Follow Todd on Twitter
The City of Philadelphia filed suit against Wells Fargo Bank on May 15, alleging Wells Fargo violated the Fair Housing Act of 1968. The basic allegation is that the bank used predatory lending practices with minority mortgage borrowers. Wells Fargo Bank denies the charges. The city filed the lawsuit in the U.S. District Court for the Eastern District of Pennsylvania.
Philadelphia investigated Wells Fargo for a year before filing the suit. They examined loan records going back ten years, for the period 2004 to 2014. They found that Wells Fargo discriminated against African-American and Hispanic borrowers by steering them to take out loans that had higher interest rates. Based on their credit records, the minority borrowers should have been approved for mortgages with lower interest rates. White mortgage applicants with similar credit scores did receive these less expensive mortgages with lower interest rates.
African-American homeowners were more than twice as likely than whites with similar credit histories to be steered to the more expensive mortgages. Hispanics were 1.7 times as likely than whites to have to pay the higher interest rates.
Also, Wells Fargo made it more difficult for African-American and Hispanic home owners to refinance mortgages during periods of falling interest rates than for white refinance applicants. This increased the foreclosure rates for the African-American and Hispanic home owners. Because these minority home owners were 4.7 times as likely to go into foreclosure, that increased the level of blight in minority neighborhoods. However, all of the mortgage applicants the city study had FICO scores of 660 or above.
This suit adds to Wells Fargo’s many recent problems. Recently the Supreme Court of the United States ruled that the city of Miami has the legal right to sue the bank under the Fair Housing Act if they can prove a connection between predatory lending practices and the harmful consequences. Philadelphia waited to file its lawsuit until the Supreme Court issued its decision on the Miami case. Other cities could decide to file their own lawsuits against Wells Fargo.
Karl Heideck is an attorney experienced in the areas of litigation, risk management review and compliance. He has worked as an attorney in Philadelphia, and has much experience filing complaints and responding to complaints. On behalf of his clients, Heideck takes actions against individuals and organizations. When his clients need his help, Karl Heideck represents them. Know more about anordinarysoldier.com
Karl Heideck earned a bachelor’s degree from Swarthmore College in 2003. Karl Heideck received his Juris Doctor (JD) law degree from Templeton University James E. Beasley School of Law in 2009.