Follow today’s top stories and exclusive headlines for U.S. private real estate lending and members of the American Association of Private Lenders.
AAPL Opposes Florida’s Re-Attempt to Regulate Private Lending
Current bill aims to remove the long-standing business purpose exception from mortgage lender licensing In 2008, the United States Congress passed the Safe and Fair Enforcement for Mortgage Licensing Act (SAFE Act), which required all state regulators to regulate mortgage loan originators who originated consumer loans secured by 1-4-unit residential properties (“Dwellings”). The states were [...]