felon brokers

Florida broker regulator Saxon out of a job; felons still brokering loans

by Mike on August 13, 2008

Don Saxon, chief regulator overseeing Florida’s licensed mortgage brokers, resigned at yesterday’s meeting of Florida’s Cabinet. Saxon resigned rather than try to defend his job after a surprising move by Governor Charlie Crist supporting a motion to fire Saxon. Saxon has come under heavy fire for failing to protect Florida homeowners from convicted felons working [...]

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Florida gave broker licenses to felons, then let them keep stealing

by Mike on August 12, 2008

The last part of the Miami Herald exposé has run, and the findings are damning.  Not only did Florida’s Office of Financial Regulation fail to keep felons from entering the mortgage brokering industry, but once they were in and began stealing money from homeowners, the OFR didn’t pull their licenses. Complaints to the Office of [...]

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