Has California Stopped Foreclosed Borrowers from Being Originators?

California regulators can stop someone from originating mortgages if he or she owned a property which has been foreclosed upon. But the question on the Mortgage Grapevine is has the state actually exercised this power?

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So far, the answer seems to be it hasn’t. To read more, go to http://bit.ly/1cX6zt3.


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