July 30, 2010

What's wrong with this picture?

Mortgage brokers to be fingerprinted and registered.

The S.A.F.E. Act specifies that mortgage brokers who are employees of agency-regulated institutions must register with the Nationwide Mortgage Licensing System and Registry,

"As part of this registration process, residential mortgage loan originators must furnish to the registry information and fingerprints for background checks," a joint release from regulators said.

Now if I wanted to introduce this same model on oh, I don't know, "displaced foreign travellers" (as they are now known) I would of course be raaaaaaaacist.

I wonder if undocumented mortgage lenders will be required to submit fingerprints.

Posted by Duffy at July 30, 2010 11:25 AM | TrackBack

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