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NMLS News Feed

• NMLS is Being Outfitted for Non-Mortgage Industries
  The Conference of State Bank Supervisors (CSBS) and its affiliate – the State Regulatory Registry LLC (SRR) – have announced plans to enhance the use of the NMLS to accommodate state use of the System for non-mortgage, non-depository financial services industries. This will give states the ability to use NMLS to license or register entities […] […]
• Featured Speakers at NMLS Conference
  The fourth NMLS Annual Conference & Training is bringing together over 99 state regulators from 50 state agencies as well as federal regulators from the CFPB, FDIC, and NCUA. Featured Speakers: CFPB and the Supervision of the Mortgage Industry for Depositories and Non-depositories Peggy Twohig Assistant Director for Non-depository Supervision, Consumer F […]
• 2012 Renewal
  The 2012 NMLS Streamlined Renewal Process is underway. This year, over 16,000 companies and 115,000 state-licensed mortgage loan originators, holding licenses from one or more of the 58 state agencies using NMLS, are eligible to renew their licenses for 2012. Additionally, over 10,000 institutions and about 250,000 federally registered mortgage loan originat […]
• NMLS Annual Conference
  The fourth NMLS Annual Conference & Training will be held in Scottsdale, Arizona on February 6-9, 2012. With over 400 attendees last year, the NMLS Annual Conference has become a must attend event for banks and nonbank companies that employ mortgage loan originators and are interested in state and federal mortgage supervision. The 2012 Conference […] […]
• Continuing Education for 2011 (STATE)
  The SAFE Act requires state-licensed MLOs to complete 8 hours of annual continuing education. Some states have additional requirements (see the State-Specific Education Requirements Chart). So far in 2011, MLOs have completed 270,471 hours of continuing education (CE). Roughly 40% of the estimated 85,000 MLOs who are required to complete CE are now compliant […]

Mortgage Daily News Feed

• Mortgage Conferences Cover Compliance, Technology
  Topics to be covered at several upcoming mortgage-related events include compliance risk, housing risk and mortgage technology. One forum will tackle multifamily issues.The Wild Horse Pass Casino and Hotel in Chandler, Arizona, is the location of the Arizona Mortgage Expo 2017 on Oct. 6 and Oct. 7. The event, which is sponsored by the Arizona Association of […]
• MBS Issuance Up at Ginnie Mae
  As the Government National Mortgage Association's book of business continued to grow, a month-over-month increase in issuance was recorded.As of Aug. 31, 2017, there were $1.8706 trillion in Ginnie Mae mortgage-backed securities outstanding, according to monthly operational data.The Washington-based organization's book of business expanded from $1. […]
• Mortgage Fraud Risk Rises, Could Climb Higher
  A growing share of purchase-money and wholesale lending has helped to push up the risk of mortgage fraud. Also contributing were jumbo refinances.There was some indication of mortgage fraud on an estimated 13,404 applications for single-family loans during the second quarter of this year.That worked out to 0.82 percent of all residential loan applications th […]
• Apt Permits Soar as 1-Unit Completed Constr Sinks
  Permits to build apartment units drove up overall housing permits last month. But completed construction was pulled down by single-family activity.In places that issue permits, there were a preliminary 122,600 new privately owned housing units that were authorized during the month of August.That was more than the upwardly revised 101,000 permits issued the p […]
• Serious 1st Mortgage Delinquency Up, Could Worsen
  Serious delinquency on first mortgages deteriorated last month, and the recent spate of natural disasters could make things worse. The Big Apple experienced a surge in consumer delinquency.A measure of consumer credit delinquency, the Composite Consumer Credit Default Index, indicated that 90-day delinquency was 0.86 percent in August.The index -- which refl […]