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The New Jersey Department of Banking and Insurance (DOBI) is one of 15 principal departments in New Jersey government. The department's mission is to regulate the banking, insurance and real estate industries in a professional and timely manner that protects and educates consumers and promotes the growth, financial stability and efficiency of ...
Since 2020, Gallo has been the top loan officer in New Jersey based on sales volume, according to Scotsman Guide, a national publication about the mortgage industry. From 2021 through 2022, he was ...
The company was sold to First Union Corp. of Charlotte, N.C., for $2.1 billion in June 1998. First Union, preparing for the Wachovia merger, split The Money Store into four divisions, transferred First Union's bad home equity loans into The Money Store's home equity division, and two years later took a loss provision of $1.7 billion to shut ...
Jersey shares The International Stock Exchange (TISE) with Guernsey, where it is based. [11] It was established in 1998. [5] In 2015, Jersey (in conjunction with the Bailiwick of Guernsey) established the Channel Islands Financial Ombudsman (CIFO) to resolve consumer complaints about financial services provided in or from the Channel Islands.
By Mortgage Bankers Association (MBA) projections, $929 billion of the $4.7 trillion outstanding commercial mortgages held by lenders and investors will come due this year, according to its ...
There are six main types of mortgage providers: direct lenders, mortgage brokers, correspondent lenders, wholesale lenders, portfolio lenders and hard money lenders.
Its responsibilities include the regulation of the banking and finance sectors, the registration of companies in Jersey, and "promoting the Island as a centre for financial services". [4] The law was later amended to remove the latter mission.
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