Regulator looks to expand NMLS reporting requirements
A banking regulatory body rolled out a proposal to modernize the Nationwide Multistate Licensing System last week. The Conference of State and Bank Supervisors, in tandem with the NMLS Policy Committee, is looking to update the main database of records for non-depository financial institutions by making changes to reporting requirements. Updates to the system happen on … [Read more…]
Mortgage rates fall for fourth week in a row – CNN
Mortgage rates fall for fourth week in a row CNN
Are Closing Costs Tax-Deductible?
When youâre filing your taxes, thereâs a whole lot to consider. From figuring out who counts as a dependent to organizing your income streams, you may find the process a bit overwhelming. And if youâre a new homeowner tackling mortgage â¦ Continue reading â
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‘It doesn’t seem fair’: Why millions of Aussies with student loans are about to be hit with more debt – 9News
‘It doesn’t seem fair’: Why millions of Aussies with student loans are about to be hit with more debt 9News
Mr. Cooper, borrowers settle COVID loss mitigation lawsuit
A pair of borrowers who sued Mr. Cooper for allegedly steering them away from a pandemic-related loss mitigation plan have reached a settlement with the company, according to court records. James Groves and Judith Bartell-Groves entered into a confidential agreement to resolve their federal lawsuit and related foreclosure case in Ohio, their attorney said Tuesday. … [Read more…]
Database Mgt., Pre-Funding and Post-Closing QC Tools; NMLS Change? Ag, Non-QM, DSCR, Reverse, Lock Program News
John F. Kennedy has been gone nearly 60 years, and Jackie Kennedy (Onassis) nearly 30, but the couple still resonates with people. The first home that they owned as a married couple is for sale in Washington DC. If youâre ever in a guessing game about the most expensive places to live in the United States, stick with the safe bets: New York and anything California. Seems the press has latched on to declining home sales, but declining due to high prices, lack of inventory, or lack of buyerâs interest? Other stories indicated increasing home sales, but in certain price ranges, more builder inventory, or continued Millennial first-time home buyer interest? Take your pick. Meanwhile, lenders and originators have their continued regulatory speedbumps. Orrick reports that, âThe Conference of State Bank Supervisors (CSBS), on behalf of the NMLS Policy Committee, issued a request for public comments on proposed uniform state licensing standards for mortgage companies. The Proposal: Mortgage Business-Specific Requirements would create a national standard for mortgage industry licensing to help improve uniformity within the state system and streamline the licensing process for mortgagees seeking licensure in multiple states.â (Todayâs podcast can be found here and this week itâs sponsored by MGIC. Since 1957, MGIC has insured more than 13.5 million mortgage loans with innovative products, tools and strategies that help customers solve problems and fuel growth. Explore tools and solutions to boost your business here. Listen to an interview with Townstone Financialâs Barry Sturner and Garris Horn LLPâs Richard Horn on the CFPBâs recent judicial failures.)
High Mortgage Rates Putting a Damper on Million-Dollar Homes – The MReport
High Mortgage Rates Putting a Damper on Million-Dollar Homes The MReport
Cenlar FSB names Rene Gonzales as chief technology officer
Rene Gonzales will expand his role at the mortgage servicer Cenlar FSB by offering technology leadership and implementation guidance.
Is It Cheaper to Build or Buy a House?
Buying a home is a major investment. You want to put your money into a house thatâs going to meet the needs of you and your family. However, if that house isnât available, you may consider building a home. Is â¦ Continue reading â
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