The Pennsylvania Department of Banking took 114 enforcement actions, mostly related to mortgage activity, during the fourth quarter of 2010.
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The department issued 24 orders against companies engaged in unlicensed mortgage loan activity, resulting in cumulative fines of $402,000.
It also suspended or revoked 61 mortgage licenses and prohibited two individuals from doing business in Pennsylvania.
Furthermore, the regulator issued orders against 29 companies for other violations, including three against companies engaged in unlicensed loan modifications; these orders resulted in cumulative fines of $226,500.
