Transitional Mortgage Licensing Bill Opposed
A non-bank mortgage trade group is opposing legislation that would allow former bank loan officers to originate while obtaining a state license.
Fewer Firms NMLS-Registered in 2015, LOs Grow
During 2015, the number of home lending companies registered in the Nationwide Mortgage Licensing System contracted even as the number of residential loan originators expanded.
Multiple Mortgage Topics Addressed at Conferences
Multiple mortgage servicing conferences are among upcoming industry events -- though other conventions will touch upon mortgage fraud, licensing and banking. Also ahead are conferences covering mortgage-backed securities and litigation.
Surge in Georgia Mortgage License Terminations
As the number of U.S. home loan originators has expanded, one state -- Georgia -- saw an excessive number of mortgage licenses terminated.
License Exam Cheating Costs New Day NY License
A scheme to cheat on license exams has cost New Day Financial LLC it's license to do business in New York. The action follows a multi-state settlement.
More LOs in Mortgage Business, But Fewer Banks
Compared to a year ago, there are more loan originators working for fewer mortgage firms. The decline was due to a drop in the number of financial institutions.
Bank Mortgage Lenders and Originators Decline
Compared to a year ago, the number of financial institution mortgage lenders and their loan originators has declined, while non-bank lenders and originators have increased.
Comment Sought on Revised NMLS Reports, Forms
People in the mortgage industry have an opportunity to provide input on a revised call report and uniform state licensing forms.
CO, VA Among Top 5 States in Mortgage Originations
Data on mortgage licensing activity indicates that Colorado and Virginia were among the top-five states in residential loan production by state-licensed originators.
Lender Settles Allegations of Cheating on Exams
Executives at a mortgage banking firm are accused of collecting information about test exams and passing them on to loan originators. A multi-million-dollar, multi-state settlement includes the ouster of the chief operating officer.