Posted in Politics

Borrowers betrayed

   July 21, 2008

Miami Herald has a big investigative piece on how thousands with criminal records work unlicensed as loan originators.

More than half the mortgage professionals registered in Florida — 120,563 — entered the industry this decade without being licensed by the state, The Miami Herald found.

Known as loan originators, they perform the same job as mortgage brokers but aren’t bound by the same rules.

Read Borrowers Betrayed

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