Overview of OBRE High-Cost Mortgage Rules
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Overview of OBRE High-Cost Mortgage Rules

October 12, 2001

News from OBREmortgagepress.comOBRE, IAMB, Suspension, Fine, flipping
OBRE Announces Fines and Suspensions
The Illinois Office of Banks and Real Estate recently announced
the following suspensions and fines:
++Condult Financial Services Inc. of Chicago has been revoked of
their license, effective Apr. 14.
++Progressive Mortgage Financial Company Inc. of Chicago has
been suspended for failure to file income tax returns for the past
four years, effective May 7.
++Aggressive Mortgage Inc. of Hillside had its license suspended
due to the flipping of loans and operating without a license,
effective May 4.

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