by Jeff Sorg | Jul 30, 2013 | California Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(CFPB – WASHINGTON, D.C.) — The Consumer Financial Protection Bureau (CFPB) today filed a complaint in federal district court against a Utah-based mortgage company, Castle & Cooke Mortgage LLC, and two of its officers for illegally giving bonuses to loan...
by Jeff Sorg | Jul 11, 2013 | Mortgage, Real Estate
Rule Will Improve Consumer Protections in Qualified Mortgages and Mortgage Servicing (CFPB, WASHINGTON, D.C.) — Today, the Consumer Financial Protection Bureau (CFPB) finalized corrections, clarifications, and amendments to its Ability-to-Repay and mortgage servicing...
by Jeff Sorg | Jul 2, 2013 | California Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(OnlineEd® – Portland, OR) The Conference of State Bank Supervisors (CSBS) today announced that an additional 10 state mortgage loan originator licensing agencies will begin using the National SAFE MLO test. This brings the total number of state agencies to 30...
by Jeff Sorg | Jun 24, 2013 | Mortgage
CONSUMER FINANCIAL PROTECTION BUREAU ISSUES PROPOSED MODIFICATIONS TO MORTGAGE RULES Proposal Would Resolve Implementation Issues and Clear Way for Better Consumer Protections (CFPB, WASHINGTON, D.C.) Today the Consumer Financial Protection Bureau (CFPB) proposed...
by Joseph | Jun 12, 2013 | Mortgage
The CFPB has validated the use of a Uniform State Test (UST) developed by the Nationwide Mortgage Licensing System and Registry (NMLSR) to satisfy SAFE Act testing requirements. The SAFE Act requires state-licensed MLOs to pass a written test developed by the NMLSR....