Posts Tagged ‘broker’

Former Ore. mortgage broker sentenced to 2 years

Fed Pulls The Plug On Mortgage Purchases
The Federal Reserve will stop buying mortgage-backed securities this week, ending a massive program that’s been helping the housing market recover. The Fed has bought more than $1.2 trillion of mortgage-backed securities in all.

Read more on NPR

‘Gangster’ admits mortgage fraud
An alleged Glasgow gangster admits defrauding more than £250,000 by lying about his income on mortgage applications.

Read more on BBC News

Former Ore. mortgage broker sentenced to 2 years
A former Oregon mortgage broker has been sentenced to two years in federal prison after pleading guilty to identity theft for making false loan applications to buy homes for his girlfriend.

Read more on AP via Yahoo! Finance

West Linn mortgage broker pleads guilty to bank fraud

West Linn mortgage broker pleads guilty to bank fraud
U.S Department of Justice officials say fraudulent loan applications cost banks more than $240,000

Read more on The Oregonian

Aussie boss ramps up broker war

Aussie boss ramps up broker war
AUSSIE Home Loans boss John Symond has sensationally drawn new battle lines in the cut-throat mortgage broking market.

Read more on News.com.au

Lender’s sharing of information with broker criticized

Lender’s sharing of information with broker criticized
I recently ran a letter from a reader whose real-estate broker and mortgage lender were friends. The mortgage lender disclosed personal financial information to her friend, the real-estate broker — even going as far as to tell her that her clients were not approved for the loan before calling the borrowers. The borrowers were aghast, as they had specifically told the mortgage broker not to …

Read more on The Columbus Dispatch

Former mortgage broker sentenced in elder abuse scam

Former mortgage broker sentenced in elder abuse scam
Staff report | Former Southern California mortgage broker John McTaggart was sentenced Friday to six years in prison for defrauding an 86-year-old San Francisco woman out of $140,000. The woman signed up for a reverse mortgage from an Orange County company; McTaggart, an employee, persuaded the…

Read more on The San Francisco Examiner

New Florida law spurs rush to get mortgage broker licenses

New Florida law spurs rush to get mortgage broker licenses
Last October, Countrywide Financial, the now defunct subprime mortgage giant that merged with Bank of America a year ago, promised $1 billion in mortgage relief to its legions of struggling Florida cu…

Read more on MalaysiaNews.net

How do I become a mortgage broker or mortgage agent in California?

I am fresh out of a college. Not just any college; a community college. And I need step by step how to become a mortgage broker or mortgage agent please. Thanks alot.

How can I become a mortgage broker in california?

I simply cannot seem to find legitimate information on becoming a mortgage broker in California. Many of the web sites that purport to have information really share very little of anything and some are just plain frauds. I’d like to find information on mortgage broker training and possibly information on finding a school (preferably Los Angeles) where I can get training on becoming a mortgage broker.

How do I become a mortgage broker in ohio?

I know the mortgage industry is in a mess right now, but I am looking toward the future when we rebound. Wondering what requirments there are to become a mortgage broker in Ohio. I am looking to work this industry on the side, as I already have a full time sales job. Also what are the typical commisions paid to brokers for sub-prime, prime, and jumbo mortgage loans…is this split with the company you work for? I already work 100% commission, so that is not a problem. Any input on this career is greatly appreciated, ie the ups and downs.