mortgage regulations: Long Beach, Ca. Tidal Wave of new regulations hit the mortgage business
- 08/31/09 01:19 PM
Long Beach, CA. Two years ago, there were over 90000 mortgage brokers nationwide. Last year, less then half of those applied for the stringent new licensing requirments demanded by State governments. Now, less then 36% of those people who applied for their licenses have reapplied to continue to practise as mortgage brokers. The bottom line is that there is much less choices for consumers and much hire cost to get a mortgage in today's real estate market. Home buyers need to be aware of what the State of California will do with the implementation of the SAFE act, it stands for Secure and Fair Enforcement … (0 comments)
Long Beach, CA. Two years ago, there were over 90000 mortgage brokers nationwide. Last year, less then half of those applied for the stringent new licensing requirments demanded by State governments. Now, less then 36% of those people who applied for their licenses have reapplied to continue to practise as mortgage brokers. The bottom line is that there is much less choices for consumers and much hire cost to get a mortgage in today's real estate market.;)
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