Origination

Recently I attended the 2012 NMLS Annual Conference in Scottsdale, Ariz., and learned that there are still many challenges out in the licensing corner of mortgage lending. It was a great opportunity to meet with state and federal regulators, compliance professionals, licensing specialists, lawyers, and experts in the industry.

The House Financial Services Committee has approved a bill to enhance the FHA's authority to police bad lenders after rejecting an amendment that would have reduced the agency's loan guarantees.

Everybody is familiar with the line from the movie "Jerry Maguire," the one that goes "Show me the money!"

DBRS has rated a rare prime residential private-label RMBS backed by recently originated portfolio of loans and Fitch Ratings has issued an unsolicited rating on the deal.

Is there really much of a professional difference between loan officers who work for a bank versus a nonbank? I'm not picking sides, but recent comments to this column suggest that nonbank LOs feel they are better equipped to serve the consumer - and not necessarily because they have passed the state test.

Pacific Union Financial LLC, Walnut Creek, Calif., has hired Rick W. Skogg as its new president.

Months after the Justice Department announced its biggest fair lending settlement in history, the banking industry continues to brace itself for the fallout from a renewed government focus on fairness.

The extension of regulatory responsibilities to nonbank residential mortgage lenders and originators for suspicious activity reports and anti-money laundering efforts is far reaching, according to a recent discussion of the move by attorneys.

Mortgage loan options available have significantly shrunk during the past few years of the crisis to the point that makes some worry creativity is almost impossible, or simply dead. A closer look at borrower preferences and market data indicate product variations may not necessarily be a dare banks need to stay away from.

Many people take the first few weeks of the year to review and revise their personal and business goals for the next twelve months. Here's an alternative method suggested by Chris Brogan for achieving your 2012 goals.