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Connecticut enacts two data protection bills

National Mortgage Professional
Jun 21, 2008

TMBA produces youth-oriented financial literacy videoMortgagePress.comTexas Mortgage Bankers Association, TMBA, financial literacy, Home Economic Network The Texas Mortgage Bankers Association (TMBA) has produced a video presentation introduction on credit, how to use it wisely, and how it can affect lives. This video and materials on managing credit will be made available to high schools, youth groups and community-based organizations throughout Texas to educate young people on using credit wisely. The Home Economic Network video and educational materials are available at no cost. The video and materials can be viewed through the TMBA Web site a The videos have been distributed to all Texas State Representatives. State Representative Dan Flynn of House District 2 office reports that, "Our office would like to help in whatever way we can with the Home Economic Network credit program. Please let us know what you need help with and we would be happy to do what is needed." TMBA's Home Economic Network video has also won the approval of Texas Public Broadcasting Association and is now listed on the Texas Digital Datacasting Pilot Project, which partners with the Texas Education Agency. At this point, TMBA's objective is to get the video and credit educational resources in front of young adults who can benefit from these learning tools. For more information or a copy of the DVD and educational materials please visit TMBA's Web site at
Jun 21, 2008
CFPB Issues Final Rule For Reporting Small Business Lending Data

The rule could affect mortgage originators who work with property investors.

MISMO Seeks Comment On Servicing Transfer Catalog

Says new tool supports a more effective and efficient servicing transfer process.

Chopra: Nonbanks, Mortgage Servicers May Also Pose Systemic Risk

CFPB director tells Consumer Bankers Association conference such a failure could lead to 'chaos.'

FHFA Announces Enhanced Mortgage Payment Deferral Policy 

Will allow GSE's borrowers facing financial hardship to defer up to six months of mortgage payments. 

MBA: Proposed Rule Would Stifle Securitizations

In letter to SEC, MBA says proposed rule on conflicts of interest is overly broad.

Fidelity National Financial To Pay N.Y. $3.5M, End ‘No-Poach’ Deals

N.Y. attorney general says such deals illegally stifle competition and reduce wages.