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 to steal consumers’ money and identity. The fraudulent company was encouraging customers to apply for loans by providing personal information including social security and financial account numbers.
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- 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’...
- 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 Orders National Mortgage Company to Stop Doing Business in Michigan
LANSING, MI - August 13, 2009 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR) has ordered Taylor, Bean & Whitaker Mortgage Corp., a national mortgage company, to immediately cease and desist from operating as a mortgage lender or servicer in Michigan. The Federal Housing Administration (FHA) suspended Taylor Bean’s approval to make FHA loans and the company’s...
- 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...
- OFIR Places Wixom Mortgage Servicer Northwestern Financial into Conservatorship
LANSING, MI - June 9, 2009 - (RealEstateRama) — Office of Financial and Insurance Regulation (OFIR) Commissioner Ken Ross has placed Northwestern Financial Corporation into conservatorship and named OFIR Director of Receiverships James Gerber as conservator. The Commissioner also directed that the company cease and desist from doing business....
- 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 Announces Free Mortgage Licensee Seminars
LANSING, MI - April 24, 2009 - (RealEstateRama) — The Office of Financial and Insurance Regulation (OFIR) today announced that it is holding quarterly free seminars for the state's first and second mortgage licensees and registrants as well as for consumer financial services licensees. The next seminar takes place on May 6, 2009 at Western Michigan University's Grand Rapids Graduate...
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Articles Category: Insurance
- Governor Bobby Jindal Announces the Reappointment of Senator Dan “Blade” Morrish to the Louisiana Citizens Property Insurance Corporation Board of Directors
BATON ROUGE, LA - March 12, 2010 - (RealEstateRama) -- Today, Governor Bobby Jindal announced the reappointment of Senator Dan “Blade” Morrish to the Louisiana Citizens Property Insurance Corporation Board of Directors.
- Michigan Automobile and Home Insurance Consumer Advocate Named as NAIC Consumer Liaison Representative
March 12, 2010 - (RealEstateRama) -- Today, during National Consumer Protection Week, Michigan's Automobile and Home Insurance Consumer Advocate Melvin Butch Hollowell announced he has been appointed by the National Association of Insurance Commissioners (NAIC) to the position of Consumer Liaison Representative. The NAIC has also listed Hollowell in its newly-created Consumer Expert Database
- New resource from Missouri Department of Insurance makes it easy to create a home inventory
Jefferson City, MO - March 12, 2010 - (RealEstateRama) -- Consumer advocates are encouraging Americans to become consumer savvy during National Consumer Protection Week, and here in Missouri, the Department of Insurance is helping homeowners and renters better protect themselves in the event of damage or theft to their property.
- Attorney General Janet T. Mills Urges Homeowners to Be Careful When Choosing a Home Repair Contractor
March 9, 2010 - (RealEstateRama) -- Attorney General Janet T. Mills warns homeowners to be careful when choosing a contractor to repair damage from recent storms. “After storms and other natural disasters, some home improvement contractors aggressively market their services to the elderly and other potentially vulnerable consumers to repair their homes,” said Attorney General Mills. “While most contractors in Maine are reputable and treat their customers fairly, some do not. Consumers should wait, check around and get written estimates before hiring a contractor do to home repairs."
- Hanover American Insurance Company and Gulfstream Property and Casualty Company to continue homeowner’s coverage for 14,000 current policyholders across Louisiana
February 19, 2010 - (RealEstateRama) -- Insurance Commissioner Jim Donelon announced today his approval of a proposal made by The Hanover Insurance Group to guarantee continued coverage for homeowners policyholders currently insured by The Hanover Insurance Company and Massachusetts Bay Insurance Company. Initially, The Hanover Insurance Group (Hanover) proposed to withdraw Massachusetts Bay Insurance Company and The Hanover Insurance Company from Louisiana and have Gulfstream Property and Casualty Company (Gulfstream) provide coverage to the approximate 10,000 policyholders those two companies presently serve.
- Idaho 2010-02-15 19:57:28
Boise, ID - February 15, 2010 - (RealEstateRama) -- Based on recently released national fourth-quarter financial performance statistics, Idaho-based financial institutions are not immune from the effects of the recession. Gavin Gee, director of the Idaho Department of Finance, reported that Idaho-headquartered commercial banks have experienced increased amounts of non-current loans and loan charge-offs, an increase in foreclosed real estate properties and, as a group, negative earnings for the year. In his budget presentation to JFAC this morning, Gee said, “Our Idaho financial institutions are caught in an economic upheaval that they did not create, one caused by a culture of risk carried out by large money center institutions, not traditional lenders like those we have in Idaho.
- Governor Bobby Jindal Announces the Appointment of John Marlow to the Louisiana Citizens Property Insurance Corporation Board of Directors
BATON ROUGE, LA - February 12, 2010 - (RealEstateRama) -- Governor Bobby Jindal announced the appointment of John Marlow to the Louisiana Citizens Property Insurance Corporation Board of Directors.