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Expanded Mortgage Lender Law Effective July 1. – Joseph E. Seagle – Starting July 1, 2017, the Florida law regarding mortgage lending will. will no longer provide a safe harbor for unlicensed mortgage lenders.
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Mortgage broker gets 28 years for Ponzi scheme – A Hillsborough mortgage broker who defrauded more than a dozen elderly investors out of more than $43 million in a Ponzi scheme was sentenced to more than 28 years in prison Friday. Many of the.
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Freedom Mortgage’s Stanley C. Middleman To Speak At Northeast Mortgage Brokers Conference – will be speaking at the upcoming Northeast Conference of Mortgage Brokers event being held next month in Atlantic City. Middleman will give a presentation on key mortgage industry issues and how.
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Why the Housing Lobby’s Average Prime Offer Rate Solution is Deeply Flawed – One of Congress’ main responses to the 2008 mortgage crisis was Title XIV of the Dodd-Frank. a maximum debt-to-income ratio of 43% (of pretax income) and providing safe-harbor protection for QM.
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Mortgage Broker Plantation Island Rhode Island Mortgage Broker Sentenced to 30 Months in Federal Prison – Chief Judge Thompson ordered Russo to pay restitution in the amount of $1,157,753.25. Russo was a mortgage broker employed by Action Mortgage Corporation, a licensed mortgage broker in Cranston, R.I..