Relevant:
- Gov. Schwarzenegger Move Will Deprive Homeowners of Legal Representation When Negotiating a Loan Modifications
- FTC Blocks Loan Mod Consultants from Collecting Upfront Fees; 3Q Loan Production Stats; Florida Extends L.O Licensing Deadline; Unrealized Losses
- Bostwick Putting SB 94 and California State Bar on Trial
- FTC Moves to Protect Homeowners With New MARS Rule – Regulates Loan Modifications Nationwide
- Are Mortgage Brokers Ancient History in 08?
2009-04-30 — ml-implode.com
"The Los Angeles City Council has made it illegal for mortgage and real estate brokers to charge an upfront fee when offering to help distressed homeowners obtain loan modifications. This effectively puts the loan modification business for real estate and mortgage brokers out of business. Gone. Bye-bye ..."
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