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missouri mortgage fraud: Borrower Feels Injured By a Subprime Mortgage! Naive or Careless! - 01/28/09 10:55 PM
One evening last week, I answered my cell phone and heard from a desperate lady. I, as an appraiser in Missouri, was asked for advise on this woman's overall mortgage condition. She found my website and ActiveRain Profile on Google. Her house was on the other end of the state, well outside my St Louis Metro Area, however I listened to her problem.
A licensed/certified appraiser in Missouri valued her home at $96,000 two years ago. She took out a cash out refinance mortgage on an adjustable rate mortgage. Her mortgage person told her the rate would adjust in two years, however she could … (7 comments)

missouri mortgage fraud: Missouri House Bill 2188 - 06/13/08 08:55 PM
Missour Governor signs House Bill 2188
This "Mortgage Fraud Law" appears have stiff penalties for those who hurt the public. This new law is designed to punish Mortgage Brokers, Real Estate Brokers & salespeople, and Appraisers, who perform things that are already illegal. These things are all well and good, anybody who hurts somebody else by fraud should be punished.
My question is where is the Mortgage Originators licensing legislation? If lawmakers really wanted to protect the public, we would have this profession regulated. Each and every mortgage originator should be tied to a standard of ethics that are designed to protect … (2 comments)

 

James Graner

Saint Charles, MO

More about me…

Residential Services: http://appraisalmo.com

Address: 1245 Cunningham Ave, St Charles, MO, 63301

Office Phone: (636) 916-4325

Cell Phone: (314) 277-3336

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Things that I like to write about! This might include general real estate matters, sports, politics, mortgage business, or real estate appraisal.


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