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Tag >> mortgage originator

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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New Restrictions Possible on Seller-Financed Notes

Posted by: Carleton Sheets in Seller finance, Seller, Real Estate Market, Real Estate Investor, Real Estate, Property, Note, mortgage originator, Limit, HR 1728, How to Buy and Sell Real Estate, Housing Market, Gift, Assistance on Aug 07, 2009.

As I've mentioned before, seller financing---a great win-win situation for both sellers and buyers---is making a comeback in the current real estate market. However, I've recently read about legislation that will restrict seller financing and possibly hurt consumers, investors, and small businesses.

The bill in question is HR 1728, and its aim is to curb the predatory lending practices of the

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