WA Implements Licensing Requirements Mortgage bankers and brokers in Washington now have to be licensed unless they work for a bank or credit union.
The Washington Department of Financial Institutions is charged with implementing the new rules.
New requirements for mortgage-loan originators who don't work for a bank or credit union include 20 hours of pre-license education.
BNY Wins NM Case; Borrowers Appeale A state district judge has ruled that Equity One didn't use deceptive marketing to encourage a New Mexico couple to borrow more money than they had the ability to repay.
The Bank of New York acquired the mortgage and won the right to foreclose on the loan.
The case is now pending before the New Mexico Court of Appeals.
FBI Investigating Secondary Transactions An investigation by the Federal Bureau of Investigation into Central States Mortgage Corp. focuses on the relationship among individuals involved with the mortgage banker, the credit unions that owned it and a firm that had been owned by several former Central States executives.
Central States shut its doors in March 2009.
Among other things, federal investigators are looking into allegations that the firm owned by the executives moved troubled subprime mortgage loans onto the books of Central States.
Learn About the 2009 First-Time Home Buyer Tax Credit Attention potential home buyers! Take advantage of an $8,000 tax credit toward the purchase of a principal residence for first-time buyers on or after January 1, 2009 and before December 1, 2009. And to make the deal even better, the credit does not require repayment. It's all part of the American Recovery and Reinvestment Act.
This Website-www.twincitiesinvestors.com is owned and operated by Venture Development-a
Minnesota Mortgage broker providing mortgage loan financing. We are a private
company and not a government agency or the federal government. Begin your online mortgage application for a Minnesota home loan at http://www.VentureLoanApp.com
John Mazzara is a licensed Realtor and is affiliated with RE/MAX Associates Plus, 7300 France Ave S, Suite 410, Edina, MN 55435.
Each RE/MAX office is independently owned and operated. John has sold homes since 1986 in Edina and throughout the entire
Minneapolis/St. Paul Metro area. We have a lot of relocation resources for relocating to MN.
Search for Minnesota Homes via our online MLS search at
http://www.minneapolisstpaulhomes.com/ or
by phone at 952-929-2577.
NMLS # John Mazzara - 332556, Patti Mazzara- 333279 Venture Development State Of MN Originator License #20183304
