Posts Tagged ‘ consumer credit transaction ’

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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 Earnings Fall at BBT, Originations Ease
  As home-lending volume slowed at BB&T Corp., mortgage earnings tumbled. But the financial institution grew both its mortgage investments and servicing portfolio.For the three months that finished on Sept. 30, BB&T's income before income taxes was $1.0 billion, according to its third-quarter earnings results.Income at the Winston-Salem, North Car […]
• Refinances Wipe Out Weekly Purchase Gains
  A nice up tick in purchase financing activity was wiped out by a weekly decrease in refinance business. Similarly, an increase in government volume was more than offset by a drop in conventional activity.An indicator of upcoming originations, the U.S. Mortgage Market Index from Mortgage Daily, was 113 during the seven days ended Friday. The index is determin […]
• Quicken Pushes Servicing Portfolio Past $300 Bil
  For the first time since it began reporting mortgage servicing data six years ago, Quicken Loans Inc. has pushed the servicing portfolio past $300 billion. Originations and staffing, meanwhile, held steady.The aggregate unpaid principal balance of residential loans that were serviced by the Detroit-based mortgage banking organization as of Sept. 30 was $306. […]
• Retail Drives Down SunTrust's Home Lending
  A sharp decline in quarterly retail originations at SunTrust Banks Inc. drove overall home lending lower as mortgage earnings sank. But the size of the financial institution's mortgage servicing portfolio has increased over the past year.Atlanta-based SunTrust revealed in its third-quarter earnings report that it generated $849 million in income before […]
• Universal American Whistleblower to Receive $2 Mil
  A whistleblower will receive nearly $2 million for her role in a lawsuit alleging Universal American Mortgage Company LLC approved loans for government insurance that didn't qualify.As a mortgagee with direct endorsement authority from the Federal Housing Administration, Miami-based Universal American was empowered to approve FHA loans itself.The lender […]