Real estate blog entries tagged with government intrusion into lending by Larry Bettag, Vice-President of National Production (Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001)

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government intrusion into lending: Office of Foreign Assets Control.....THANKS FOR THE CLOSING NIGHTMARE! - 06/28/12 03:51 AM

So...I have a closing today that closes at 1:00 pm. We're done in less than 60 minutes. Smoooooooooth as can be. Now.....
Just waiting on the wire...
Wire was released, but the warehouse lender has to check with the Fed as well as OFAC or Office of Foreign Assets Control. Check out the site from the Treasury.... http://www.treasury.gov/about/organizational-structure/offices/Pages/Office-of-Foreign-Assets-Control.aspx
The primary hold ups are really twofold.....
Terrorism threats Determining if the individual has controlled or seized assets I have had some hold ups before with names like Bob Smith and Julio Lopez...very common names coming on the terrorist list that always get … (4 comments)

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Larry Bettag

Vice-President of National Production

Saint Charles, IL

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Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001

Address: 40W310 LaFox Road, Saint Charles, IL, 60175

Office: (630) 524-9677

Mobile: (630) 417-7172

¹ “Let not your heart be troubled; you believe in God, believe also in Me. ² In My Father’s house are many mansions; if it were not so, I would have told you. I go to prepare a place for you. ³ And if I go and prepare a place for you, I will come again and receive you to Myself; that where I am, there you may be also. ⁴ And where I go you know, and the way you know.”
(John 14:1-4, New King James Version)

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