The first time “pass” rate of the national loan originator exam has fallen to 69 percent. This is an indication that th
New WA State Short Sale Seller Advisory and Licensee Guidance Bulletins
December 10, 2010 by 3 Comments
The Real Estate Division of the Washington State Department of Licensing and the Department of Financial Institutions ha
Former Loan Originator Eliza Bautista Finally Arrested in Seattle
August 11, 2010 by 14 Comments
Liza Bautista worked for a mortgage broker with a strong client base inside her Christian church in Tukwila. After succe
“Feds to local mortgage originator Shawn Portmann: We want our money”
August 3, 2010 by 63 Comments
From the Seattle PI:Alleging a long-running fraud involving a cash-packed safe and a garbage bag stuffed with money, fed
Golf Savings Bank Merges with Sterling Savings Bank
August 2, 2010 by 4 Comments
I just received this email from one of my students, a Golf Savings employee:There have been some exciting changes at Gol
19 Washington State Lenders Lose FHA Approval
July 26, 2010 by 12 Comments
Today HUD released it’s Administrative Actions from the Mortgagee Review Board. Read the Federal Register PDF here. The
How loan originators are compensated and why consumers should care.
July 6, 2010 by 156 Comments
The Merkley Amendment to the Wall Street Financial Reform legislation limits loan originator compensation to no more tha
WA State Real Estate Agents are now Brokers.
July 1, 2010 by 12 Comments
On July 1, 2010, real estate salespeople in Washington State will become brokers. It’s taken the Department of Licensin
Loan Home Inc. Lead Generation Scam
June 21, 2010 by 35 Comments
Loan Home Inc. is a lead generation company telling consumers that they can be paid for the referral of their own transa
Merkley Amendment Will Transform LO Compensation
May 12, 2010 by 205 Comments
The Senate has passed an amendment to the Wall Street Reform bill that would ban loan originators from accepting compens
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