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South Florida

Miami mortgage lender fined for unlicensed loans

Miami mortgage lender Jerome Libbin has reportedly been fined for making mortgage loans without a license.

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Jerome Libbin was faced with an enforcement action by regulators for executing mortgage loans in five transactions without a license between 2012 and 2014, according to published reports.

Libbin, who is registered as a mortgage lender with Bijima Limited Partnership, was not licensed with the Florida Office of Finance Regulation at the time of the charges, the South Florida Business Journal reported. He entered an agreement with regulators on Dec. 31 and will pay a total of $12,500. [South Florida Business Journal] — Katherine Kallergis