- Corruption in Chicago has been an epidemic for many decades
- The FBI and other law enforcement agencies have been working diligently for years in investigating and indicting corrupt politicians
- There seems no slowdown in public corruption in Chicago
- In early 2019, news broke that Illinois Governor J.B. Pritzker is under criminal investigation for property tax fraud
- Yesterday, President Donald J. Trump has commuted former Illinois Governor Rod Blagojevich’s 14-year sentenced
- The disgraced former Blagojevich was released late yesterday from a Colorado federal correctional facility where he has served 8 years
- Will J.B. Pritzker be next to go to federal prison for corruption and fraud?
- Time will tell
In this article, we will discuss and cover Chicago Ranked Most Corrupt City in the Nation.
Chicago Ranked Most Corrupt City In The Nation
A new study about public corruption found Chicago Ranked Most Corrupt City in the United States.
- The Windy City outranked New York and Los Angeles in having federal public corruption convictions
- Massive arrests were made in 2019 in Chicago
- Many under custody are turning cooperation witnesses which federal agents and prosecutors think the number of public corruption arrests in Chicago and the state of Illinois will hit historic numbers in 2020
- Illinois has the second-highest property tax rates in the nation
- Chicago is the highest-taxed major U.S. city in the U.S.
- Public corruption is one of the major reasons why the government is in a major financial deficit
- Until the city of Chicago and the state of Illinois curbs its public corruption, both Chicago and Illinois will run its financing into the grown
Illinois is losing countless individual taxpayers and businesses in record numbers.
Data Of Chicago Ranked Most Corrupt City Released
http://www.youtube.com/watch?v=HNya6UIpYXg/]
While most major cities and states are flourishing under the Trump economy, both the city of Chicago and the state of Illinois are in financial chaos.
- Both Mayor Lori Lightfoot and Governor J.B. Pritzker seem lost and clueless on how to fix the mounting budget deficit
- Chicago’s pension debt is in crisis-mode and cannot seem to be balanced
- Lightfoot and Pritzker’s only solution to fixing the state’s financial crisis is to raise taxes
- Pritzker’s tax hikes on all taxes in Illinois are forcing both taxpayers and businesses to flee Illinois
From the look of things, both Lightfoot and Pritzker seem to be headed to only be a one-term politician in Illinois.
Chicago Ranks As The Most Corrupt City While Illinois Comes In Third
Chicago ranked as the most corrupt major city in the U.S. Illinois ranked third when it came to the most corrupt state in the Nation. This recent analysis and data were released by UIC Professor Dick Simpson of the University of Illinois at Chicago. Simpson, a former Chicago Alderman, based his data by numbers and statistics that were published by the U.S. Department of Justice.
Here is what UIC Professor Dick Simpson has released on his studies:
Data provided by the U.S. Department of Justice, Illinois ranked as the third-most corrupt state.
The other Corrupt States Leading Public Corruption Data
DC set the number one rank in having the highest number of public corruption convictions. Louisiana is the second-highest ranked corrupt state. Beating Illinois were New York, California, Texas, and Florida. These states had higher numbers in the population, therefore, the ranking was lower.
The District of Columbia was No. 1, while Louisiana was No. 2. The states of New York, California, Texas, and Florida each had more total corruption convictions than Illinois, but their populations are larger, placing them lower in the ranking.
Public corruption is one of the most problems hurting states. States with high number of public corruption are losing billions of dollars and costing taxpayers and businesses higher taxes.
The owner of the place that we are renting has decided to sale. Initially the plan was to rent a little longer while we build our credit (579) but, I’m 100% disabled vet and we need to secure a loan before 31 Jan.
PRINCIPAL MANAGER RENEWAL OF THEIR INDIANA LICENSE
Principal managers are subject to the same renewal requirements as MLO’s, however, the fee to renew a principal manager license is $100.
LOAN BROKER
Loan Broker Licensees must renew request to renew their license between November 1 and December 31st. The recommended date for renewal submission to ensure that a
renewal is approved to do business the following year is December 1st. The fee to renew a loan broker license is $200. Licensees must also pay an additional annual
processing fee per license to the NMLS (Company-$100, Branch-$20, Individual-$30). However, loan brokers must also pay an additional $100 fee for each equitable owner.
ACADEMIC INSTRUCTION REQUIREMENTS To get State of Indiana NMLS License
A person applying for an initial license must provide to the commissioner evidence that during the twenty-four (24) month period immediately preceding the application that the
person completed at least twenty (20) hours of academic instruction approved by the Nationwide Mortgage Licensing System and Registry. The education must include the following:
• Three (3) hours of federal law and regulations concerning residential mortgage
lending.
• Three (3) hours of ethics, including instruction on fraud, consumer protection,
and fair lending practices.
• Two (2) hours of training concerning lending standards for nontraditional
residential mortgage loan products.
• Twelve (12) hours of undefined electives.
• Two (2) hours of Indiana state law and rules concerning residential
mortgage lending.
I get many inquiries from our viewers about the fingerprinting process for new applicants for getting their mortgage licenses.
BACKGROUND CHECK AND FINGERPRINTS
FINGERPRINTING
At the time of application for an initial license, the Commissioner requires that each ultimate equitable owner, equitable owner, director, manager, officer, and applicants for licensure as a mortgage loan originator, or a principal manager, to submit fingerprints for a national criminal history background check by the Federal Bureau of Investigation, for use by the Commissioner in determining whether any of the aforementioned should be denied licensure.
Each individual or applicant will pay any fees or costs associated with the fingerprints and background check required under this subsection. The Commissioner may not
release the results of a background check described in this subsection to any private entity.
Note: Fingerprinting/Background checks are done every three (3) years beginning after the initial license is issued.
If you have any questions about this topic, please reply to the comment section below
Alex Carlucci
Associate Director Of Training And Education
Capital Lending Network, Inc.
A division of Gustan Cho Associates
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I read a lot of posts but the topic covered in this is at Gustan Cho Associates. The owner of the place that we are renting has decided to sale. Initially the plan was to rent a little longer while we build our credit (579) but, I’m 100% disabled vet and we need to secure a loan before 31 Jan.
I have a repossession on my credit from couple years ago, I’ve been declined for mortgage loans because of it.