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Strict Mortgage Training Required in North Carolina

As most of the country is still reeling through the aftershocks of the real estate crash, many states are taking a tough look at how they could have protected their citizens from the countless bad mortgage loans that created the problem. While restructuring the banking industry may be one solution to stop the bad loans and unrealistic credit offerings, it is the mortgage industry itself that caused most of the problem.

In North Carolina lawmakers have been working with mortgage brokers and lenders to construct a licensing and training program that meets the requirements of the national SAFE Act of 2008.… Read the rest

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posted by Aisha in Arts & Culture and have No Comments