Relevant:
- FinCEN Forms Partnership to Combat Emerging Reverse Mortgage Fraud Says Director
- Appraisal Fraud Jumps 50% in 2009: MARI
- California, Nevada and Florida Remain Hotbeds for Mortgage Fraud
- Vegas shooter had 200+ reports of suspicious activities, large financial transactions in casinos
- Global banks defy U.S. crackdowns by serving oligarchs, criminals and terrorists - ICIJ
2010-12-07 — nationalmortgageprofessional.com
"The Financial Crimes Enforcement Network (FinCEN) has proposed a requirement that non-bank residential mortgage lenders and originators, like other types of financial institutions, establish anti-money laundering (AML) programs and comply with suspicious activity report (SAR) regulations. Under current FinCEN regulations, the only mortgage originators that are required to file SARs are banks and insured depository institutions."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.