2010-12-07 — bizjournals.com
"More than 32,000 mortgage brokers and nearly 6,000 mortgage companies are weeks away from losing their Florida licenses unless they reapply for them with the state."
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mortgagemess at 20:45 2010-12-08 said:
The state of Florida has done a HORRIBLE job over the years of regulating mortgage brokers and yielded a huge amount of criminals that got licenses during the booom. It has well earned the number one slot for mortgage fraud for at least the last 5 years, hence the fact that 64% of ALL mortgages in Orlando are underwater alone! Little will be done for the back door deals already in place by mortgage brokers who have books but will no longer have licenses. The rest of the vultures will swoop down to feast and give "handshake" deals for under the table payments. I expect that Florida will be "surprised" when they see their reputation for being number one for Fraud continues for years to come... Permalinkadd a comment | go to forum thread
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