Brokers on the fringe: Ex-convicts find niche – 07/21/2008 – MiamiHerald.com

Brokers on the fringe: Ex-convicts find niche

Gary Kafka, former body builder with a long rap sheet and violent past, wrote millions of dollars in mortgages in South Florida without ever applying for a state license.

Fresh out of prison after serving time for bank fraud, he never went through a criminal background check before selling loans. He never took a competency exam.

He never had to.

More than half the mortgage professionals registered in Florida — 120,563 — entered the industry this decade without being licensed by the state, The Miami Herald found.