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Category Archives: Mortgage Lenders Licensing


Moral Hazard In The Lending Industry

By David P. Rankin, P.A. |

The financial crisis of 2008 was fueled by lax lending standards. This created a housing bubble that eventually burst. In the end, the banks were left with trillions of dollars in subprime mortgages. This is what can happen when mortgage lenders don’t use good discretion when dealing with loan applicants. In the past, it… Read More »


Most Borrowers Prefer Ethical Mortgage Lenders

By David P. Rankin, P.A. |

Most people have to use mortgage lenders when buying a home. After all, real estate is so expensive. The average cost of a home in Florida is roughly $377,000. Of course, many homes cost much more. So as you can imagine, it’s hard to come up with so much cash in one go. That’s… Read More »


Mortgage Lending In A Cooling Economy

By David P. Rankin, P.A. |

The housing market is now cooling down. Those who have bought homes in the past few years will likely see their value decrease. Those who are looking to buy a home now may see cheaper prices but higher interest rates. If a person is buying a home, they likely don’t have enough cash saved… Read More »


Ethics In Mortgage Lending

By David P. Rankin, P.A. |

A lot of people are buying houses right now, which means that mortgage lenders are working overtime and processing large numbers of applications. This means that errors and even ethical or illegal issues can occur. In the past, those looking to buy a house typically worked with their local banks to secure a mortgage…. Read More »


Detecting Mortgage Fraud

By David P. Rankin, P.A. |

It’s become a fact of life that fraud is pretty much everywhere nowadays. From government programs to emails from Nigerian princes and everything in between, scams are rampant and you have to constantly be on your toes. Sometimes even licensed professionals engage in fraud. After all, fraud allows a person to make a profit… Read More »


Bribery, Conflict of Interest in the Mortgage Industry

By David P. Rankin, P.A. |

Mortgage lenders typically do their jobs without acting unethically. However, in some cases, these lenders do things that could be considered immoral. For example, they may bribe banks to take on loans or they may originate loans for family members. There is a lot of risk in the mortgage industry – on both sides…. Read More »


Predatory Lending: Common Ethical Issue Among Mortgage Lenders

By David P. Rankin, P.A. |

In the mortgage field, there is a lot of money at stake. Properties may cost several hundred thousand or even several million dollars. Because of this, mortgage lenders sometimes take advantage of potential buyers. They don’t make any money when they can’t approve a customer for a loan, so they’ll think of creative ways… Read More »


How a Mortgage Broker’s License Can Get Suspended

By David P. Rankin, P.A. |

Most people rely on mortgage brokers to buy houses. While most of those in the mortgage industry are trustworthy individuals, some violate the laws by charging unnecessary fees or engaging in fraud. This is against the law and can lead to license suspension and revocation and even legal consequences. Therefore, if you are a… Read More »


Ethical Issues in the Mortgage Industry

By David P. Rankin, P.A. |

Fraud is not an acceptable business practice, even though many people in the United States engage in it in order to further themselves and their careers. The finance industry is rife with employees looking to make more money, and they do that by lying or committing fraud. The mortgage industry is no exception. Considered… Read More »