New HUD data shows growth in reverse mortgage activity: Miami is country’s largest market

Jan 07, 2009

Tennessee's SB 4160 to become effective Jan. 1MortgagePress.comSB 4160, Commissioner of Commerce and Insurance, fingerprinting, education requirements Tennessee Senate Bill 4160 becomes effective on Thursday, Jan. 1, 2009. Key points of the legislation include: • New authorization for the Commissioner of Commerce and Insurance to require fingerprints from certain license and registration applicants; • Amended initial education requirements for mortgage lender, mortgage broker, mortgage servicer, and mortgage loan originator license and registration applicants; • New disclosure requirements for stockholders owning ten percent (10%) or more of outstanding capital stock; and • Provisional authorization for mortgage loan originators to conduct business while awaiting registration approval from the Commissioner. For more information of SB 4160, click here.

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Jan 07, 2009

Analysis and Data

Distressed Borrowers Up 14% This Thanksgiving

Consecutive months of annual increases in bankruptcy filings highlight households still struggling with debt

Bankruptcies continued to increase on an annual basis this November, reflecting ongoing affordability constraints not limited to skyrocketing homeowners insurance and higher mortgage rates. Individual Chapter 7 bankruptcy filings totaled 22,886 last month, a 14% annual in...

Opinion

Housing Market Awaits Trump’s Impact

Housing economists weigh predictions against campaign promises

Home buyers and sellers will have more to worry about than housing prices and mortgage rates next year. How the incoming Trump Administration succeeds in implementing its stated economic goals also will have a major impact. “The size and direction of a ‘Trump Bump’ will d...