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by Sammy Averbuch

by Sammy Averbuch

sammyaverbuch.typepad.com

by saverbuch

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  • Incorrect. Providentials license was never revoked. There was a Technical Violation. The Technical Violation can be found if you search through Google. What you will find is that we resolved the issue by adding a significant amount of Capital into our business. But, interestingly enough your question, really questions me, not Providential correct? I will answer it by saying that I have 10 years of experience dealing with Regulators and thousands of consumers; and I can perhaps help any lender who may come across Technical Violations or issues of their own. Experience is a 2 way street. We learn from our sucesses as well as our failures. Perhaps I add no value to you, but to others I can! In todays market, Regulators are coming down hard on any lender, especially those that offer innovative mortgage products....as these products have been stereotyped as predatory lending.

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    saverbuch
    saverbuch on Dec 4, 2007

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by saverbuch

Created 2/15/07

This blog is my perspective of what is interesting to me, sharing articles from others and commentary regarding the US economy, turmoil in the credit markets, outsourcing, Public and Private transportation, politics, the housing markets, commercial real estate, business success, failures, strategies, etc., on your web site… (more)

legislative concerns, quality control, legal compliance, outsourcing to providential bancorp, sammy averbuch, providential, mortgage, default, loan, home