Archive for the Washington State Law Category

A Small Window of Opportunity for Washington State Unlicensed Loan Originators (Correspondent Lenders aka CLAs)

Rhonda Porter on 05 30, 2009 | 28 Comments

June 1, 2009 Update:  I just got off the phone with someone in the licensing department at DFI.   They hope to have more information available soon for mortgage originator licensing.  Some details

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WA Loan Originator Licensees Drops to 5335

Jillayne Schlicke on 05 21, 2009 | 9 Comments

At the end of 2007, Washington State had 13,722 loan originators licensed under a mortgage broker.  At the end of 2008, that number fell to 8739.  As of May 5, 2009, we're at 5335.  This number als

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Let’s discover what “Lending with Expertise” means to Paramount Equity

Jillayne Schlicke on 05 15, 2009 | 16 Comments

Paramount Equity has settled their case with the Washington State Department of Financial Institutions. Read the Consent Order here.  The Statement of Charges outlined many, many violations of state

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Foreclosure Rescue Scammer or AG Victim: You be the Judge

Jillayne Schlicke on 05 14, 2009 | 10 Comments

In order to go into the foreclosure rescue business, foreclosure rescuers must make themselves believe that they are helping the homeowner. This is done in a cognitive way, by attending many foreclosu

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