Last week I reported on the blog on the Miami Herald’s special investigation – “Borrowers Betrayed” – that revealed how state regulators had allowed thousands of criminals to become loan originators allowing consumers to be bilked out of millions of dollars. I had Michael Sallah, Miami Herald’s investigations editor, on the IN Your Radio to talk about it. The PNJ had an editorial on it today.
Now Attorney General Bill McCollum called for an investigation into the Office of Financial Regulation, the state agency overseeing the mortgage industry.
Read more.