OFIR Announces Settlement with CitiFinancial Regarding Mortgage Disclosure Violation
By CB-HB -

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 required by the Home Mortgage Disclosure Act (HMDA). The settlement requires CitiFinancial to pay a $63,457 penalty to the State of Michigan, which will be put into the Mortgage Brokers, Lenders, and Servicers Licensing Act Fund and used to support OFIR’s mortgage examination and licensing programs


More info...

SHARE
Avatar
CB-HB
http://www.cb-hb.com/pages/index.cfm

Greater Lansing’s two largest and most professional real estate companies, Coldwell Banker Hubbell Real Estate Company and BriarWood Realty are now one.

Coldwell Banker Hubbell BriarWood (CB-HB) offers you the most successful sales record of the local 140 firms in Greater Lansing with 260 of the areas most experienced and professional Sales Associates. That includes 75% of the Greater Lansing Association of Realtors Circle of Excellence Members, 16 Realtor/Realtor Associates of the Year, the President Elect of the Greater Lansing Association of Realtors and nine past Presidents, and two State of Michigan Realtors of the Year. In 2007 more than 3000 buyers and sellers trusted the Sales Associates that comprise Coldwell Banker Hubbell BriarWood.

Contact:

Brittany Hickman
734-730-0445

RELATED ARTICLESMORE FROM AUTHOR

Previous articleNew Report On New York City’s Building Boom Finds 170,000 New Units Built Between 2000-2008—More Than Two and a Half Times The Amount Built In Previous Eight Year Period—Many in Areas of the City That Hadn’t Seen Large-Scale Building For Some Time
Next articleADVISORY – Michigan Public Service Commissioner Monica Martinez to Speak at Urban Green Summit on Friday