Skip to main content

Arizona Mortgage Regulatory Program Accredited by CSBS and AARMR

NationalMortgageProfessional.com
Jul 13, 2018
The Arizona Department of Financial Institutions achieved accreditation by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators for its mortgage regulatory program

The Arizona Department of Financial Institutions achieved accreditation by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators for its mortgage regulatory program.
 
The rigorous process involved three highly experienced former regulators and a CSBS staff member interviewing key personnel and a cross-section of examiners, a thorough review of the Self-Evaluation Questionnaire, and a review of the work product of supervision (examination reports, correspondence, and related information).
 
The Arizona Department of Financial Institutions mortgage regulatory program supervises 1,030 state-licensed mortgage companies, including mortgage bankers, mortgage brokers, commercial mortgage bankers, and commercial mortgage brokers.
 
CSBS accreditation involves an in-depth review of an agency’s policies, procedures, and operations to determine if it meets national standards. As part of Vision 2020 for nonbank regulation, state regulators are committed to pursuing high standards and learning from other states. CSBS offers education programs, analytics and national standards to helping state regulators meet those goals.


 
Published
Jul 13, 2018
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021