5 07, 2007

Montana Adopts Residential Mortgage Lender Licensing Act

2015-05-23T08:18:17-07:00July 5th, 2007|Mortgage License, Mortgage Licensing News|

You may remember the Mortgage Broker Licensing Act that took place back in 2005. Now the state of Montana will be regulating Mortgage Lenders too. Up until now, you were only required to be licensed if you were brokering loans. There was a brick'n'mortar requirement that restricted most companies outside the state from brokering since [...]

5 07, 2007

Mississippi Eliminates License Exemption for Registered Wholesale Lenders

2015-05-23T08:18:24-07:00July 5th, 2007|Mortgage License, Mortgage Licensing News|

If you're a wholesale lender and doing business in Mississippi, you may want to pay attention. Up until now you were able to do business under a registration, but Mississippi just changed the law. Effective July 1, 2007, Mississippi ammended the Mortgage Consumer Protection Law, which regulates Mortgage Companies. The ammendment eliminates the licensing exemption [...]

6 06, 2007

Colorado Now Requires HUD Exempt Mortgage Companies to Get Licensed

2015-05-23T08:18:43-07:00June 6th, 2007|HUD, Mortgage Companies, Mortgage License, Mortgage Licensing News|

Effective June 1st, 2006 - Temporary Registration 1. Each and every mortgage broker including those who made a good-faith effort to comply with or who were exempt from the previous registration law, HB 06-1161, §§ 12-61-901 to 911, C.R.S. is hereby granted immediate, temporary registration through and including September 1, 2007, or until such date [...]

4 06, 2007

Alaska Soon Requires Mortgage Licensing

2017-01-23T19:53:19-08:00June 4th, 2007|Mortgage License, Mortgage Licensing News|

Effective July 1, 2008, mortgage lenders, mortgage brokers, loan originators, and other persons who engage in activities relating to mortgage lending in Alaska will be required to be licensed by the state. HB 162 sets up a fee schedule for the license and requires an applicant to pass an exam. The bill requires licensees to be [...]

27 05, 2007

Chairman of MBA Calls for New Licensing System

2015-05-23T08:19:21-07:00May 27th, 2007|License Updates, MBA, Mortgage License, Mortgage Licensing News|

May 23, 2007 Mortgage leader blames some lenders for meltdown John Robbins, chairman of the Mortgage Bankers Association, says he is "mad as hell" at "a few unethical actors" that have sullied his profession's reputation, amid increasing evidence of financial distress for homeowners with weak, or subprime, credit histories. In prepared remarks for a lunchtime [...]

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