FTC Extends Red Flag Compliance Date for Independent Originators
November 3, 2008
Independent mortgage companies and mortgage brokers have until May 1, 2009, to have their written identity-theft “Red Flag Rule” program in place before the Federal Trade Commission begins cracking down on violators. The FTC extended the deadline for compliance for non-bank creditors and financial institutions, which said they were confused about their coverage under the rule...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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