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LANSING, MI - February 4, 2010 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR) shut down an operation claiming to be a Detroit-based mortgage company called “Kenneth and Doyle Financial” by ordering it to cease and desist from doing business. OFIR believes that Kenneth, through its website, was posing as a legitimate mortgage company in an attempt to steal consumers’ money and identity. The fraudulent company was encouraging customers to apply for loans by providing personal information including social security and financial account numbers.

LANSING, Michigan - September 30, 2009 - (RealEstateRama) -- State Senator Martha G. Scott (D-Highland Park), along with the Office of Financial & Insurance Regulation (OFIR), is offering three free financial workshops in October where consumers can learn about auto and home insurance, mortgage and consumer finance, and investor protection

LANSING, MI - September 17, 2009 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR) has revoked the mortgage license of Grand Blanc-based Freedom Financial Mortgage Lending, LLC for violating the state’s Mortgage Brokers, Lenders and Servicers Licensing Act. Freedom Financial failed to comply with OFIR’s license renewal process and failed to cooperate with the agency while OFIR staff attempted to conduct an examination.

LANSING, MI - August 13, 2009 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR) has ordered Taylor, Bean & Whitaker Mortgage Corp., a national mortgage company, to immediately cease and desist from operating as a mortgage lender or servicer in Michigan. The Federal Housing Administration (FHA) suspended Taylor Bean’s approval to make FHA loans and the company’s status as an approved Freddie Mac and Ginnie Mae mortgage servicer was terminated due to questionable business practices and disclosures. Last week, federal investigators raided Taylor Bean’s headquarters in Ocala, F

LANSING, MI - June 9, 2009 - (RealEstateRama) — Office of Financial and Insurance Regulation (OFIR) Commissioner Ken Ross has placed Northwestern Financial Corporation into conservatorship and named OFIR Director of Receiverships James Gerber as conservator. The Commissioner also directed that the company cease and desist from doing business.

LANSING, MI - June 4, 2009 - (RealEstateRama) — Office of Financial and Insurance Regulation (OFIR) Commissioner Ken Ross has ordered the state’s insurance companies to submit to OFIR, prior to use, all new or revised personal automobile and homeowner insurance documents and forms.

LANSING, MI - April 24, 2009 - (RealEstateRama) — The Office of Financial and Insurance Regulation (OFIR) today announced that it is holding quarterly free seminars for the state's first and second mortgage licensees and registrants as well as for consumer financial services licensees. The next seminar takes place on May 6, 2009 at Western Michigan University's Grand Rapids Graduate Center.

LANSING, MI - April 07, 2009 - (RealEstateRama) — The Office of Financial and Insurance Regulation (OFIR) announced today that all new rate filings by homeowners insurance companies that rely on insurance credit scoring as a factor in determining their discounts are being challenged by the agency. The expansion to all home rate filings using insurance credit scoring is based on the fact that insurance credit scoring is unfairly discriminatory and also does not result in reasonably anticipated reductions in losses or expenses and therefore does not meet the requirements Michigan's Insurance Code.

LANSING, MI - March 26, 2009 - (RealEstateRama) — The Office of Financial and Insurance Regulation (OFIR) has ordered an entity claiming to be a Southfield-based mortgage company called “Capita Management Group” to cease and desist from doing business. OFIR believes that Capita, through its website, www.capitamanagementgroup.com, is posing as a legitimate mortgage company in an attempt to steal consumers’ money and identity. The fraudulent company is encouraging customers to apply for loans by providing personal information including social security and financial account numbers