by Joseph | Oct 30, 2013 | Mortgage
(OnlineEd – Portland, OR) Good news from the CFPB – they’re still not quite speaking softly, but starting in November at least, they’re leaving the big stick at home. The Consumer Financial Protection Bureau confirmed earlier this month that...
by Jeff Sorg | Jul 2, 2013 | California Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(OnlineEd® – Portland, OR) The Conference of State Bank Supervisors (CSBS) today announced that an additional 10 state mortgage loan originator licensing agencies will begin using the National SAFE MLO test. This brings the total number of state agencies to 30...
by Jeff Sorg | May 15, 2013 | California Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(OnlineEd – Portland, OR) – The Consumer Financial Protection Bureau (“CFPB”) gave 12 months (and sometimes less) from the “issue date” to implement the majority of these new requirements. Because the CFPB considers the...
by Jeff Sorg | Sep 26, 2012 | Mortgage
(OnlineEd – September 26, 2012) Compliance management requirements for all non-banks have reached a new level with the new Consumer Financial Protection Bureau (CFPB) Examination Manual. According to the CFPB’s Web site: “The CFPB’s approach to non-bank...
by Jeff Sorg | Sep 19, 2012 | Mortgage
(Official NMLS Newsletter) – This is a reminder that the SAFE Act requires individual mortgage loan originators (MLOs) to complete 8 hours of NMLS approved continuing education (CE) annually. In addition to meeting the minimum federal requirements, a number of...