Efforts to curb foreclosures:
N.C. House Bill 817, residential mortgage fraud.
Designed to make it easier for authorities to prosecute real estate professionals for mortgage fraud in state courts. Makes mortgage fraud a felony.
N.C. House Bill 313, making public the name of the loan originator.
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Requires deeds of trust, which are public records that set out loan terms for home sales, to carry the name of the mortgage broker or loan originator. N.C. Commissioner of Banks Joseph Smith is promoting the bill to help his office regulate the state's mortgage loan originators.