Mortgage Abuses Targeted

DenverPost.com - BUSINESS: "Mortgage brokers doing business in Colorado should register with the state and post $100,000 bonds, Colorado's top regulatory agency recommends, citing recurring broker abuses.
The recommendations from the Department of Regulatory Agencies are an about-face from 2001, when the regulators said registration wasn't needed.
'There wasn't enough evidence at that time to make a compelling argument, and the applicants requested an onerous regulatory scheme that didn't really help the consumers,' Geoffrey Hier, spokesman for the agency, said Monday. 'This request is more practical"
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