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Updated: 9:13 PM Jul 22, 2008
Mortgage Showdown Imminent
A showdown over who runs the office that licenses mortgage brokers could occur as early as next week. Calls for the resignation of Don Saxon are growing over reports that felons have been licensed despite their convictions. The state’s Chief Financial Officer says she isn’t getting the answers she needs. Posted: 3:50 PM Jul 22, 2008Reporter: Mike Vasilinda  Mortgage Brokers Showdown |
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Once again the real estate industry dodges a bullet aimed at those who lead customers to these criminal mortgage brokers. They could not do business with the direct influence of real estate agents. No one ever addresses this issue. Buyers are frequently led to lenders by their agents. The more financially unstable they are the greater the chance they will end up doing business with their agents recommended financing agent. This is why so many American's are losing their homes. They could not afford them to begin with.
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