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Loan Modification
: Mortgage Lender Implode-o-MeterKY's HOPE Mortgage Company Ordered to Cease and Desist
By Implode-Explode Heavy Industries
"he Kentucky Department of Financial Institutions (DFI) today issued a cease and desist order against a mortgage company called Home Ownership Possibilities for Everyone LLC (HOPE) in Louisville, Ky.
The order prohibits HOPE from engaging in the mortgage business in Kentucky. The order states the company operated as a mortgage loan broker, but was not licensed or exempt from licensure; charged illegal upfront fees; and made misrepresentations, concealed facts or engaged in business that has tended to work as a fraud."
Full post as published by Mortgage Lender Implode-o-Meter on June 14, 2010 (boomark / email).
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