by Jeff Sorg | Dec 24, 2015 | Mortgage, Real Estate
Oregon bill exempts certain individuals from the requirement to hold a mortgage loan originator’s license By Jeff Sorg, OnlineEd Blog (December 24, 2015) – Senate Bill 879 exempts an individual from the requirement to hold a mortgage loan...
by Jeff Sorg | Jul 31, 2014 | California Real Estate, Mortgage, Real Estate
(OnlineEd – Jeff Sorg) – The deadline to complete NMLS CE for MLO license renewal is December 31, 2014. However, NMLS Rules allow course providers seven days to report their course completions to NMLS. This means licensees will not want to wait until the...
by Jeff Sorg | Jun 17, 2014 | Mortgage, Real Estate
Company Also Ordered to Pay $10 Million for Servicing Misconduct and Fined $418 Million by the DOJ (CFPB -WASHINGTON, D.C.) — Today the Consumer Financial Protection Bureau (CFPB), Department of Justice (DOJ), Department of Housing and Urban Development (HUD), and...
by Jeff Sorg | Jun 17, 2014 | California Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(Reuters) – The U.S. Supreme Court on Monday agreed to weigh a dispute over whether mortgage loan officers are exempt from minimum wage and overtime pay regulations. The two related cases concern a decision in 2010 by the U.S. Labor Department, which reversed a...
by Jeff Sorg | Feb 25, 2014 | California Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(Consumer Financial Protection Bureau – Washington, D.C.) Today, the Consumer Financial Protection Bureau ordered a Connecticut mortgage lender, 1st Alliance Lending, LLC (First Alliance), to pay an $83,000 civil money penalty for violating federal law by...