Today is Tuesday, November 18th, 2008
The “Federal Housing Finance and Regulatory Reform Act of 2008? is here. Read the PDF if you’re feeling ambitious or here is the summary of the Dodd amendment. There’s a section inside Senator Dodd’s amendment that will give us national loan originator licensing. On page 34, the definition of a loan originator is as follows:
LOAN ORIGINATOR
A) IN GENERAL
The term […]
There must have been some particulary serious violations that prompted this law. Wouldn't it have been easier just to make ... Really this all gets down to a lack of ethics among every participant who chose to play the game. ... Any fee, assessment or tax that is based on gross receipts is just plain WRONG. (i.e. the B & O ... The changes brought by legislation in the State of Washington have been beneficial to the consumer with the exception of ... I double checked with DFI on the licensing issue and that was their "take" on the national licensing law. Loan officers who work for banks, credit unions and savings & loans do not have to be "licensed" but only ... If the charges are true, Layne Sapp will spend some time behind bars. There are corporate governance regulations in ... I remember being approached a couple of years ago by A+ mortgage as a possible recruit to their program. ... When this legislation was passed the situation was much different than it is now. First of all, the declining home ...
When the issue of fudicial responsibility began coming to the forefront I felt a sense of relief. I guess I ...