TITLE

Is SAFE Act dangerous to certain professions?

AUTHOR(S)
Woodburn, Jeff
PUB. DATE
December 2010
SOURCE
New Hampshire Business Review;12/17/2010, Vol. 32 Issue 26, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the claim of the New Hampshire's Banking Department that the Secure and Fair Enforcement Mortgage Licensing Act (SAFE) is dangerous to certain professions. It states that the Banking Department believes that individuals, who are involved in the mortgage lending process, will be required by the SAFE Act to become licensed mortgage brokers. It claims that the legislation mandates mortgage originators and pressures states to pass companion legislation.
ACCESSION #
56503876

 

Related Articles

  • Brokers' Model Law Proposal May Improve Perceptions of Loan Channel. Sinnock, Bonnie // National Mortgage News;6/24/2002, Vol. 26 Issue 39, p5 

    Scrutinizes the model state law proposed by the National Association of Mortgage Brokers for mortgage loans in the U.S. Issues on drawing up legal contracts for loan officers; Potential of the model law; Performance of mortgage brokers.

  • Going for Brokerage. Benson, P. George // Georgia Trend;Sep2001, Vol. 17 Issue 1, p132 

    Focuses on mortgage brokers in the United States. Assistance in sorting myriad mortgage packages; Institutional changes made by the Congress; Access to the mortgage products of multiple wholesale mortgage banks.

  • Because brokers are worth it... DUNCOMBE, JEREMY // Mortgage Strategy;11/19/2014, p16 

    The author asserts that mortgage brokers' fees should be raised given that lending regulations have made their task of processing mortgage applications more difficult.

  • NAMB Targets 'Truth' And Procedures Acts. Bergquist, Erick // American Banker;1/3/2001, Vol. 166 Issue 2, p10 

    Discloses the plan of the National Association of Mortgage Brokers to make comprehensive mortgage reform the centerpiece of its legislative agenda in 2001. Plan to lobby the United States Congress to scrap the Real Estate Settlement Procedures Act and the Truth in Lending Act.

  • MMR, the affordability jigsaw and lender communication. Tweedy, David // Mortgage Finance Gazette;Aug2014, Vol. 145 Issue 1782, p20 

    The article explores the changes brought by the Mortgage Market Review (MMR) which was introduced in Great Britain in 2014 for the assessment of mortgage affordability from brokers and the customer experience. Topics covered include reported delays to the application process caused by the MMR,...

  • IMLA and AMI publish joint guidance on lender and intermediary relationships.  // Mortgage Finance Gazette;Aug2014, Vol. 145 Issue 1782, p10 

    The article reports on the publication by the Intermediary Mortgage Lenders Association (IMLA) and the Association of Mortgage Intermediaries (AMI) of a joint framework for the governance of lender and intermediary relationships under the Mortgage Market Review (MMR) introduced on April 26, 2014...

  • South Carolina Law to Focus On Broker Responsibility. Harmon, Jennifer // National Mortgage News;6/7/2004, Vol. 28 Issue 37, p33 

    Reports that South Carolina's anti-predatory lending law focuses on mortgage brokers' responsibility. Disclosure requirements; Consequences for the broker of selling a high-cost home loan; Regulatory burdens to mortgage banks.

  • IL OBRE Reg Pre-Empt Remanded. Venetis, Kryiaki // National Mortgage News;11/11/2002, Vol. 27 Issue 9, p18 

    Reports that the Seventh Court of Appeals has remanded to the District Court level a case involving high-cost home mortgage regulations by the Illinois Office of Banks and Real Estate with instructions to decide which areas of the agency's regulations are to be pre-empted.

  • Mano dura grappling with false mortgage applications. Oliver-Mendez, Ken // Caribbean Business;2/7/2002, Vol. 30 Issue 5, p10 

    Reports that the Puerto Rico mortgage banking industry is lobbying for passage of the Senate version of legislation that makes it a felony to falsify information provided on a mortgage loan application. Bill's authorship by Jose Varela; Amendment of the Mortgage Institutions Law; Sentences and...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics