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2009-06-08 — thetruthaboutmortgage.com
"The Massachusetts Division of Banks shut down 87 mortgage brokers and mortgage lenders in the state Friday for violations of newly imposed financial rules."
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Comments:
mortgagemess at 10:05 2009-06-09 said:
"The cease-and-desist orders were issued after the companies failed to provide required financial information and for failure to post bonds, which ranged from $75,000 for mortgage brokers to $100,000 and up for mortgage lenders." Those that are not financially responsible should be out of this business..alot of us have spent many years and time building a business and relationships...those that went crazy during the boom years and didn't act accordingly should be out, so as to leave what little is left of the business to the good guys! Permalinkadd a comment | go to forum thread
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