September 2008 Mortgage Licensing Update

September 16th, 2008|License Updates, Mortgage License, Mortgage Licensing News|

North Carolina Passes New Mortgage Laws, Banning YSP and Requiring Licensing for Servicers Effective October 1, 2008, House Bill 2188 amends the Rate Spread Home Loan Law to prohibit the payment of a yield spread premium on rate spread home loans. Make sure to look at the definition of a rate spread home loan. Effective [...]