Posts Tagged ‘ MLO ’

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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 Rates Rise, VA Rates Lowest
  After nearly two months without an increase, mortgage rates moved higher this past week. Rates on home loans for veterans remain the lowest.On single-family mortgages that were closed during the month of August, thirty-year note rates averaged 4.27 percent.The average rose 2 basis points from the preceding month. Compared to the same month a year ago, the av […]
• Finance of America Increases Correspondent Focus
  Finance of America Mortgage revealed a new unit that will target small financial institutions. Included in the offering are correspondent acquisitions.As part of the Mortgage Daily Mortgage Origination Survey, the lender reported that it closed nearly $8 billion in single-family loans during the first half of this year.But all of the Horsham, Pennsylvania-ba […]
• Fed Action Possible in Wells Fargo Account Scandal
  Just a day after documents emerged indicating that the penalty for Wells Fargo & Co.'s fake account scandal could have been far greater, the Federal Reserve Board chair has suggested it might take action.Internal Consumer Financial Protection Bureau documents released by Republican lawmakers indicate that the regulator could have fined Wells Fargo m […]
• Mortgage Delinquency Up, Hurricane Impact Begins
  While the foreclosure rate eased last month, mortgage delinquency edged higher. Loan performance is beginning to be impacted by hurricane activity.As of Aug. 31, 2017, there were 2.389 million U.S. residential loans that were either at least 30 days delinquent or in the process of foreclosure.The total included 2.003 million mortgages that were past due at l […]
• Refis to Pull Down Mortgage Originations in 2018
  Although the annual volume of loans to finance a home purchase are forecasted to grow, a drop in projected refinances will drag down overall activity.During the three months ended Sept. 30, single-family loan originations, including refinances and purchase financing, are expected to come to $500 billion.National mortgage production from all U.S. home lenders […]