Posts Tagged ‘ business loans ’

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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

• Home Price Indices Continue Escalating
  Multiple monthly home price indices continued climbing to higher elevations, with the West dominating the rise. At least one index reached another all-time high.The Case-Shiller U.S. National Home Price NSA Index was 190.61 in May -- the highest level on record for the sixth consecutive month.Another index that reflects home prices in 20 large cities -- the […]
• Waterstone Ordered to Pay LOs $7 Million
  Waterstone Mortgage Corp. has been ordered by an arbitrator to pay current and former loan officers over $7 million in unpaid wages and overtime. But it will appeal the decision.About 200 loan officers in 17 states will share in the arbitrator's award.The originator who brought the case, Pamela Herrington, will also get an incentive fee of $20,000. […]
• 5-Month High For Freddie's New Business
  Secondary marketing activity accelerated to the highest level in five months at the Federal Home Loan Mortgage Corp. as delinquency fell to the lowest level in nearly a decade.The balance of the secondary lender's total mortgage portfolio concluded the first half of this year at $2.0409 trillion, growing from $2.0332 trillion the prior month.McLean, Vir […]
• Caliber's Lending, Servicing and Staffing Grow
  Caliber Home Loans Inc. reported growth in its residential loan originations, mortgage servicing portfolio and human resource assets.The Mortgage Daily Second Quarter 2017 Mortgage Origination Survey revealed that Caliber serviced 465,871 residential loans with a collective unpaid principal balance of $106.090 billion as of June 30.A $100 billion mortgage se […]
• Flagstar's Home Lending Soars, Could Jump Again
  A quarterly leap in mortgage originations at Flagstar Bancorp Inc. is set to repeat in the current quarter. But the primary mortgage servicing portfolio was reduced.The Troy, Michigan-based financial institution reported in its second-quarter 2017 earnings report that it earned $60 million before income taxes.While results weakened from $69 million in the sa […]