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Licensing Rules Consumer Financial Products Consent Order

Hudson Cook, LLP

Company Violates Mortgage Law by Holding Servicing Rights without License

Hudson Cook, LLP on

It is usually no surprise to companies operating in the financial services space that they may need a state license to make or service consumer loans. That is particularly true when the loans are highly regulated residential...more

Goodwin

Massachusetts Division of Banks Enters into Consent Order with Mortgage Lender

Goodwin on

On January 26, 2023, the Massachusetts Division of Banks (DOB) entered into a consent order​ with a California-based mortgage lender. According to the DOB, the company, which was licensed as a mortgage lender in...more

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