OFIR Revokes Grand Blanc Mortgage Company’s License
LANSING, MI - September 17, 2009 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR) has revoked the mortgage license of Grand Blanc-based Freedom Financial Mortgage Lending, LLC for violating the state’s Mortgage Brokers, Lenders and Servicers Licensing Act. Freedom Financial failed to comply with OFIR’s license renewal process and failed to cooperate with the agency while OFIR staff attempted to conduct an examination.Full article: OFIR Revokes Grand Blanc Mortgage Company’s License ...
Related posts:
- OFIR Announces Settlement with CitiFinancial Regarding Mortgage Disclosure Violation
LANSING, MI - March 25, 2010 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR), the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) today announced a settlement with CitiFinancial regarding the firm’s failure to report 91,127 residential mortgage loans, including more than 4,000 in Michigan, to the federal government as...
- Georgia Department of Banking and Finance Revokes the Mortgage Lender’s License of Pacific Reverse Mortgage, Inc. d/b/a Financial Heritage
Atlanta, GA - August 19, 2009 - (RealEstateRama) -- On August 14, 2009, the Georgia Department of Banking and Finance’s (“Department’s”) Notice of Intent to Revoke Annual License issued to Pacific Reverse Mortgage, Inc. d/b/a Financial Heritage, license number 20269, located at 9275 Sky Park Court, #125, San Diego, California 92123, became final.The Notice of Intent to Revoke Annual License...
- OFIR Shuts Down Another Fraudulent Detroit Mortgage Company
LANSING, MI - February 24, 2010 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR) has shut down another operation claiming to be a Detroit-based mortgage company. This time the agency ordered an operation called “Decoster Financial Group” to cease and desist from doing business. OFIR believes that Decoster, through its website, http://www.decosterfinancialgroup.com, was posing as a legitimate...
- OFIR Announces Home Mortgage Disclosure Act Data Now Available
LANSING, MI - January 25, 2010 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR) announced today that 2008 data compiled under the Federal Home Mortgage Disclosure Act are available from the Federal Financial Institutions Examination Council (FFIEC). The data covers mortgage lending transactions throughout the nation at 8,388 financial institutions covered by the Home Mortgage Disclosure Act...
- OFIR Shuts Down Fake Detroit Mortgage Company
LANSING, MI - February 4, 2010 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR) shut down an operation claiming to be a Detroit-based mortgage company called “Kenneth and Doyle Financial” by ordering it to cease and desist from doing business. OFIR believes that Kenneth, through its website, was posing as a legitimate mortgage company in an attempt...
- Division of Banks Announces Actions Against Mortgage Lenders and Brokers
BOSTON, MA - June 4, 2009 - (RealEstateRama) — The Division of Banks (Division) today announced the issuance of 87 cease-and-desist orders against licensed mortgage lenders and mortgage brokers in Massachusetts. The Division closed these licensees today after they failed to provide required financial information, including the failure to post a bond.In September 2007, the Division amended its regulations regarding...
- OFIR Orders Fake Southfield Mortgage Company Out of Business
LANSING, MI - March 26, 2009 - (RealEstateRama) — The Office of Financial and Insurance Regulation (OFIR) has ordered an entity claiming to be a Southfield-based mortgage company called “Capita Management Group” to cease and desist from doing business. OFIR believes that Capita, through its website, www.capitamanagementgroup.com, is posing as a legitimate mortgage company in an attempt to steal consumers’...
4
Articles Category: Mortgage
- Loan Officer Charged in Mortgage Fraud Scheme
Pittsburgh, PA - July 27, 2010 - (RealEstateRama) -- Acting United States Attorney Robert S. Cessar announced today, July 27, 2010, that Mark Hipsley of Pittsburgh, Pennsylvania, has been indicted by a federal grand jury in Pittsburgh,
- Federal Agencies Issue Final Rules to Implement S.A.F.E. Act Requirements for Registration of Mortgage Loan Originators
Washington, DC - July 28, 2010 - (RealEstateRama) -- Federal agencies issued final rules today requiring residential mortgage loan originators who are employees of national and state banks, savings associations,
- Federal Agencies Issue Final Rules to Implement S.A.F.E. Act Requirements for Registration of Mortgage Loan Originators
July 28, 2010 - (RealEstateRama) -- Federal agencies issued final rules today requiring residential mortgage loan originators who are employees of national and state banks, savings associations, Farm Credit System institutions, credit unions, and certain of their subsidiaries (agency-regulated institutions) to meet the registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). The final rules are being issued by the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of Thrift Supervision, Farm Credit Administration, and National Credit Union Administration (the agencies)
- Washington Department Of Financial Institutions Announces Successful Completion Of Mortgage Loan Originator Licensing
OLYMPIA, WA - July 27, 2010 - (RealEstateRama) -- The Department of Financial Institutions (DFI) is pleased to announce the successful implementation of the new mortgage licensing requirements as required by the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the “S.A.F.E. Act”).
- Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - July 27, 2010 - (RealEstateRama) -- The Federal Housing Finance Agency today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.91 percent based on loans closed in June. This is a decrease of 0.08 percent from the previous month
- Atlanta Congressmen Join Forces with HUD and Treasury to Prevent Home Foreclosures
Atlanta, GA - July 26, 2010 - (RealEstateRama) -- Congressmen John Lewis, David Scott, and Hank Johnson are proud to announce their upcoming event to assist Atlanta area homeowners who may be struggling with their mortgages. The three members are joining forces with the U. S. Department of Housing and Urban Development, the U.S. Department of the Treasury, The Hope Now Alliance and NeighborWorks America for the "Help for Homeowners" project scheduled for Friday, July 30th 1:00PM to 7:30PM and Saturday, July 31st from 8:30AM to 3:00PM, at the Atlanta Marriott Marquis, 265 Peachtree Center Avenue. HUD Secretary Shaun Donovan will also be in attendance on Saturday, July 31st.
- New Mortgage Industry Association Has Been Formed To Promote Thought Leadership And Innovation
WILTON, CT - July 26, 2010 - (RealEstateRama) — The mortgage industry is going through sweeping change. Now is the time for all mortgage industry participants to gather and discuss new ideas, new automation strategies and new processes to move the mortgage industry forward. PROGRESS in Lending Association fills this void and provides a place for innovation and thought leadership to occur