California industry appointments update - 9/28/2006 – NMP Skip to main content

California industry appointments update - 9/28/2006

National Mortgage Professional
Oct 09, 2006

FCC issues final rules on junk faxesMortgagePress.comFCC junk fax regulations On April 5, the Federal Communications Commission (FCC) issued its final rules for implementing the Junk Fax Prevention Act of 2005. The rules permit advertisements to be faxed to a person with whom the sender has an established business relationship, so long as the recipient of the advertisement has voluntarily provided the fax number to the sender (either directly or by determining that the recipient voluntarily made the number available in a public directory, advertisement or Web site) or the established business relationship existed prior to July 9, 2005. The rules also require the advertisements to contain a clear and conspicuous opt-out notice on the first page. The notice must disclose that the sender of the advertisement has 30 days to comply with any opt-out request and a toll-free telephone number or other cost-free method for exercising the recipient's opt-out rights. The opt-out request system must be available 24 hours a day, every day. The rules take effect 90 days following publication in the Federal Register. For more information, visit www.fcc.gov.
Published
Oct 09, 2006
Lenders Complain FGMC Is 'Radio Silent' On Loans

Company said it would stop purchasing new loans in the wake of its mass layoff last week; seeking court-approved financing.

Industry News
Jun 30, 2022
AnnieMac Home Mortgage Acquires OVM Financial

Wants to expand its outreach into the Mid-Atlantic region.

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Ready Life Launches Black-Owned Fintech To Help Underserved Borrowers

Ready Life, led by two Black entrepreneurs, is taking aim at the racial wealth gap by starting a mortgage fintech.

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FGMC Files For Chapter 11 Bankruptcy Protection

FGMC notified laid-off 471 employees late Tuesday night that it would pay severance.

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Jun 30, 2022
FGMC Paying Severance To Ex-Employees

Late-night email tells laid-off workers they'll receive one week of pay for each year of service.

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Jun 29, 2022
Texas, N.Y. Law Firms File Class-Action Suit vs. FGMC Over Layoffs

Both firms represent a former employee suing over lack of 60-day notice before mass layoff on June 24.

Industry News
Jun 29, 2022