An international mortgage association with a focus on developing a global market in Mexico has been formed.The group, the International Mortgage Lenders Association, is composed of individuals and organizations in Mexico and the United States representing mortgage lenders and brokers, real estate appraisers, real estate title companies, real estate agents and developers, financial services organizations, and legal firms with real estate practices. The association can be found online at http://www.internationalmla.org.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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