By investing in communities the real estate finance industry has played a critical role in the American economy. The turmoil of the last couple of years in the industry has, however, threatened this critical responsibility.Read more

It is hard to believe that it’s that time of year once again for our annual NAMB/WEST event. All of the planning and hard work by all of the volunteers is coming to a head. To be truthful, the committee and volunteers are still working to make sure that your conference is educational, informative, relaxing and professional. As you pass through the halls and rooms of the conference, please think about all of the hours that these volunteers have given to make your time in Vegas productive.Read more

The North Carolina Office of the Commissioner of Banks (NCCOB) announced that it is proposing mortgage rules to help reduce foreclosures, to improve consumer protection and the functioning of the mortgage market, and to implement the SAFE Act. The NCCOB continues to have significant concerns that homeowners too often face foreclosure when alternative solutions exist that would benefit both the homeowner and the mortgage company or investor. NCCOB proposes rules that would:Read more

Lately, with each subsequent passing of the gavel of National Association of Mortgage Brokers (NAMB) leadership, it could be equated to a grown up’s version of the game Hot Potato. Legislation, proposed regulations, a downsizing and consolidating industry, attacks from the media, public scrutiny … the list of cons related to the broker industry seems to outweigh the list of pros for each successive NAMB president of late.Read more

AllRegs, an information provider for the mortgage lending industry, has announced that AllRegs’ 20-Hour Mortgage Loan Originator SAFE Comprehensive course (#1013) has been approved by the Nationwide Mortgage Licensing System & Registry (NMLS). The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires that pre-licensing and continuing education courses for state-licensed mortgage loan originators be approved by the NMLS.Read more