The State Banking Department is the state agency that charters, regulates, and examines banks, and trust companies chartered by the State of Alabama. The Department also has regulatory and licensing authority over lenders, mortgage brokers, payday lenders, and pawnshops conducting business in Alabama. Contact Us
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M&A grab current headlines (Freedom buying JG Wentworth’s mortgage biz being the latest. On April 5, TCF announced a change to the broker compensation on our Stand-Alone HELOC to 1% of the line.
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The Take On Mortgage Closing-cost Rebates – The group estimates that brokers nationwide rebated upward of $2 billion in 2012. To illustrate: Charles W. Berryman, a departmental chairman at Louisiana State University, closed on a $295,900.
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a mortgage broker with American Financing in Aurora, Colo. The FHA’s requirements to apply for a reverse mortgage include that you must be at least 62, that your home is your primary property and you.