Metaverse Concerns: How Do You Secure A Virtual World?

By TYRONE TOWNSEND and KIMBERLEY HAAS The metaverse is attracting a lot of attention from real estate investors, but they are not the only ones looking to the virtual world for a source of profit. Criminals are watching as well. Non-fungible tokens are reportedly the target of widespread criminal activity, with schemes including fraudulent giveaways, browser wallet hacks, and social engineering, posing risks to participants. Scams, in general, such as fake airdrops and phishing URLs, are also a cause for concern. The theft of cryptographic assets is expected to account for more than 99 percent of all illicit activities.   How much money are we talking about here? The metaverse is expected to be worth $13 trillion by 2030, according to…

Forbearance Starts See First Serious Increase Since Late March

The number of loans in forbearance remained basically the same leading up to Thanksgiving, making up 1.9% of all active mortgages, according to Black Knight’s blog, Vision. Black Knight characterized this week as “holding true to the established mid-month pattern,” referring to a months-long trend of forbearance slowdown in the middle of the month, with substantial pushes in the first and final weeks. The number of active forbearance plans rose by 1,000. FHA/VA loans dropped by 4,000 but this was offset by an increase of 5,000 among portfolio and PLS loans. GSE loans saw no change. “Both plan extensions and renewals remained steady, but low, in keeping with the typical mid-month lull,” the blog reads. But there was one surprising…