California Department of Real Estate Shuts Down Loan Modification Company – The license surrender, effective December 21, 2009, effectively puts Whitfield and its designated broker, Raymond Lorenzo Jeter (Jeter. s residential loan or to do some other form of mortgage loan.
CresCom Bank Welcomes David Whitfield as New Vice. – CresCom Bank Welcomes David Whitfield as New Vice President and regional loan administration Office. Currently, CresCom Bank has 30 branch locations throughout the Carolinas. Currently, CresCom Bank also owns and operates Crescent Mortgage Company, which lends in 45 states, partners with community banks, credit unions and mortgage brokers.
Newmarket businesses honoured – The Chuck Cino New Business of the Year award went to GBK Financial Inc. The mortgage broker serves families nationwide and. Entrepreneur of the Year was given to Steve Whitfield of R.A. Woods.
The Financial Services Authority has accused lenders of using unnecessary forbearance measures in a bid to hide the true condition of their mortgage books. Last week the regulator issued guidance.
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Two mortgage brokers involved in the scheme, Mike Otis and Chris Whitfield, pled guilty earlier this year in the Western District of Kentucky at Louisville, Kentucky, and are awaiting sentencing..
· Mortgage brokers paid on commission In most cases, a mortgage broker earns a one-time commission from the lender. The amount can vary from 0.50% to about 1.20%, depending on the type of mortgage.
Feds paid private brokers for phone records – Ed Whitfield, R-Ky., head of the House Energy and. as early as 2001 they can gather private information about Americans from data brokers, even information gleaned from mortgage applications and.
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Brokers abusing B2L for self-cert clients, says FSA – The Financial Services Authority says brokers are using buy-to-let and let-to-buy mortgages for self-cert customers who would not qualify for a residential mortgage. In its latest Mortgage Lenders’.
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Monthly payment: What’s behind the numbers used in our mortgage calculator? A mortgage calculator used to look kind of like your grandfather’s cell phone. A bunch of buttons, a little screen and a lot.
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