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Tag >> mortgage broker

The Nationwide Mortgage Licensing System

Posted by: Carleton Sheets in resolution, requirement, Nationwide Mortgage Licensing System, mortgage originator, mortgage fraud, mortgage broker, loan originator, licensing, license, educational, education, database on Aug 31, 2009.

The New York Times reported last week that a program called the Nationwide Mortgage Licensing System has been initiated. The system acts as a repository where state regulators keep information on all mortgage originators, and also creates a standard for education, testing and licensing of loan officers.

During the housing boom, some dishonest mortgage originators steered consumers into subprime

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What Are Your Thoughts on the New “Code of Conduct” Rules for Appraisals?

Posted by: Carleton Sheets in Value, Real Estate Market, mortgage broker, Lender, Housing Market, Home Valuation Code of Conduct, fair market value, Economy, borrower, appraiser, appraised value, appraisal on Aug 24, 2009.

There has been much debate in the real estate community about how the Home Valuation Code of Conduct for appraisals that took effect May 1 is affecting the housing market.

The role of appraisers in the subprime mortgage debacle has been closely analyzed ... especially the fact that some appraisers allegedly felt pressured to bump the price of homes upward by providing faulty valuations and to

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