The Connecticut Department of Banking has suspended or ordered the suspension of six more mortgage broker licenses since the beginning of the month, bringing the total number of similar suspensions to more than 25 this year.
On Dec. 5, the department revoked the licenses of New York-based EFI Capital Corp. and Rhode Island-based Community Trust Mortgage Corp. and, on Dec. 7, AmeriFund Financial Inc. Three more mortgage brokers received “notice of intent” letters from the department that would threaten their brokers licenses. The companies have 30 days to respond. The recent enforcement actions are part of state banking officials’ initiative to monitor the ongoing mortgage crisis closely that had included 20 similar suspensions for the year as of Nov. 30.
For the related Dec. 10 Hartford Business Journal article, click here.
