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safe: Can a Real Estate Agent Negotiate Loan Terms in a Short Sale? Be S.A.F.E. or You Might be Sorry. - 03/04/10 09:30 PM
We've all been warned before about being careful not to practice law without having your law license. Now we have to be careful about doing things that might be construed as being something a mortgage loan originator would do.  If you do it without a license, you could be committing a felony.
Have you heard about S.A.F.E. (Secure and Fair Enforcement for Mortgage Licensing Act)? 
It was part of the Housing and Economic Recovery Act of 2008 and it required states to license mortgage loan originators.  In Georgia, that led to the Georgia Residential Mortgage Act being passed last summer.
It makes … (34 comments)

 
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Tim Maitski

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