When Will the Mortgage Industy Start Revoking Licences – Second NAMB President Signs Consent Agreement with PA Department of Banking Bureau Compliance Investigation & Licencing for Violating and doing Unethical Loans

Current National Association of Mortgage Brokers (namb.org) President Michael D’Alonzo and his company, Creative Mortgage signed a consent agreement with the Commonwealth of Pennsylvania for violations of the Real Estate Settlement Procedures Act and the Pennsylvania Mortgage Licensing Act. The state alleged that on 18 occasions Creative Mortgage, Michael D’Alonzo owned company, a non FHA-approved mortgage broker, submitted FHA insured mortgage…

Can the Mortgage Professionals Tell Me Who Owns NAMB Enterprises, LLC?

Or is NAMB Enterprises, LLC a secret society dedicated to the promotion of unethical practices? Perhaps the facts, as we find them, will speak for themselves. Mortgage Professionals: please help me put the puzzle together. Post any relevant factual information you have in the comment section. Here is what I have unraveled so far… NAMB…

Former NAMB President Reaches Plea Deal with PA Department of Banking

Former National Association of Mortgage Brokers (www. namb.org)  President George Hanzimanolis reached a plea bargain with the Commonwealth of Pennsylvania on allegations that Mr. Hanzimanolis and his company Northeast Financial Consultants, Inc violated the Real Estate Settlement Procedures Act (RESPA), the Mortgage Licensing Act and the MBBCEPA. The Banking Department alleged that on at least…