Tag Archives: California Department of Financial Protection and Innovation

Mortgage relief operation allegedly bilked homeowners out of $6.3M

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Los Angeles-based operation allegedly promised to help hundreds of distressed homeowners negotiate with lenders to lower their interest rates, monthly payments or principal amounts. Continue reading →

Regulators probe ‘education fraud scheme’ by loan originators

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California is leading a multi-state regulatory task force investigating a company suspected of allowing mortgage loan originators to skirt their pre-licensing and continuing education coursework requirements. Continue reading →