HW Media connects and informs decision makers across the housing economy. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Moving the Housing Market Forward.

Jesus Gutierrez

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SEC Acts Against L.A.-Based Mortgage Brokers HW+

Oct 06, 2008By

The Securities and Exchange Commission charged five Los Angeles-based mortgage brokers with fraud, according to a media statement Friday. We here at HW have seen few breaking news stories recently with any kind of precedent in the changing economy, but this one really left us scratching our heads: Since when does the SEC take action against mortgage brokers?

3d rendering of a row of luxury townhouses along a street

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