Mortgage brokers to be fingerprinted, registered - Business - Real estate - msnbc.com

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Mortgage brokers to be fingerprinted, registered - Business - Real estate - msnbc.com

WASHINGTON — Mortgage loan originators will have to be fingerprinted and sign up to a central registry to do business in future, according to final rules issued on Wednesday by the Federal Reserve and other regulators.
The rules are part of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, also called the S.A.F.E. Act.
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