CA DRE Orders T.N.L.M.A. Owner to Desist and Refrain

According to The National Loss Mitigation Association’s (“TNLMA”) website, its mission is: “to promote integrity, ethical business practices and responsible regulation that inspires public confidence in the loss mitigation industry.”

That might sound good, especially in an industry that’s constantly under fire for the actions of its fraudulent fringe, except that the owner of TNLMA, Dean Shafer, was ordered to “Desist and Refrain” from offering loan modifications and anything else regulated by the California Department of Real Estate (“DRE”) as May 11, 2009.