Crime no barrier for loan sellers
Law requiring background checks too late for many homeowners
The Seattle P-I examined the histories of loan sellers, taking advantage of records made available for the first time because of the new requirement.
A total of 299 loan originators with criminal records applied for licenses in 2007 when licensing and criminal background checks were first required. They applied even though they knew their fingerprints would be checked by law enforcement and that all felonies and gross misdemeanors involving ...
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