Authors Posts by CSBS

The Conference of State Bank Supervisors (CSBS) is the nationwide organization for state banking, representing the bank regulators of the 50 states, the District of Columbia, Guam, Puerto Rico and the Virgin Islands, and approximately 6,200 state-chartered financial institutions.

The Conference is responsible for defending state authority to determine banking structure and the products and services state-chartered institutions can offer and for improving the quality of state bank supervision by providing department performance evaluation and accreditation programs and supervisory education/training programs for state banking department personnel.
 
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CSBS

State Regulators Nationwide Adopt Single Exam for Mortgage Licensing

The Conference of State Bank Supervisors (CSBS) announced today that all states and U.S. territories now use a single, common exam to assess mortgage loan originators (MLOs), simplifying the licensing process for MLOs and streamlining supervision of the mortgage industry.
CSBS

North Dakota Requests Real Estate Appraisal Waiver

North Dakota today asked for a federal waiver of real estate appraisal requirements that would allow local banks to make valuation assessments due to an appraiser shortage. The waiver would help rural banks and their communities by improving the timeliness and costs of real estate transactions.
CSBS

Minnesota Begins Using the Uniform Mortgage Test

The Conference of State Bank Supervisors (CSBS) announced that the Minnesota Department of Commerce began using the National SAFE Mortgage Loan Originator (MLO) Test with Uniform State Content starting today, bringing the total number of state agencies that use the test to 59.
CSBS

West Virginia Begins Using Uniform Mortgage Test; 58 State Agencies Now Using the Test

The Conference of State Bank Supervisors (CSBS) announced today that the West Virginia Division of Financial Institutions began using the National SAFE Mortgage Loan Originator (MLO) Test with Uniform State Content starting today, bringing the total number of state agencies that use the test to 58
CSBS

State Regulators See Increase in License Renewals for 2018

The Conference of State Bank Supervisors (CSBS) announced that as of December 3, state regulators have approved roughly 337,000 requests for license renewals in the Nationwide Multistate Licensing System (NMLS) for 2018. This represents a nine percent increase, or more than 77,000 approvals, compared to the same time last year.

2017 NMLS Renewal Campaign “Your License is Your Business” Off to Strong Start

The 2017 renewal period for the Nationwide Multistate Licensing System (NMLS or the System) is off to a strong start, with the number of renewal approvals up from 2015, announced the State Regulatory Registry LLC (SRR), owner and operator of the NMLS, and a subsidiary of the Conference of State Bank Supervisors (CSBS)

Washington Department of Financial Institutions Earns Bank, Mortgage Accreditation

The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) are pleased to present the Washington Department of Financial Institutions (Department or DFI) with CSBS Banking Accreditation and CSBS/AARMR Mortgage Accreditation. These reaccreditations certify that the DFI maintains the highest standards in banking and mortgage supervision. Scott Jarvis serves as Director of the Washington Department of Financial Institutions

Federal Financial Institutions Examination Council Announces Availability of 2015 Data on Mortgage Lending

The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,913 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data made available today cover 2015 lending activity and include

NMLS Launches New Capabilities to Streamline State Licensing Processes

A new business procedure to electronically process surety bonds is now a reality through the Nationwide Multistate Licensing System (NMLS). Additionally, NMLS can now be used to electronically process criminal background checks for many more individuals at financial institutions. Both enhancements went live this week.

State Regulators Encourage Licensees to Renew Early through NMLS

In an effort to remind individuals and businesses to renew their licenses early, the State Regulatory Registry, LLC (SRR), operator of the Nationwide Multistate Licensing System (NMLS), will launch its second annual “Your License is Your Business” campaign Nov. 2

State Mortgage Regulators Take Action against New Day Financial, LLC

Today the Multi-State Mortgage Committee (MMC) announced a Settlement Agreement and Consent Order between 43 state mortgage regulators and New Day Financial, LLC d/b/a NewDay USA (New Day). The case arose as a result of an examination by the state of New Hampshire and a subsequent investigation conducted by the Maryland Commissioner of Financial Regulation. The case involved the impermissible sharing of test information for mortgage professionals as well as the practice of several New Day employees completing continuing education requirements for numerous other New Day employees

State Regulators Propose Prudential Regulatory Standards for Non-Bank Mortgage Servicers

The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) today issued for public comment Proposed Regulatory Prudential Standards for Non-bank Mortgage Servicers.

Statement on Proposed Changes to Mortgage Rules

WASHINGTON, D.C. - February 2, 2015 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS) strongly supports the CFPB’s willingness to propose changes to its mortgage rules to provide more exemptions for small creditors and new safe harbor provisions related to rural or underserved markets. If enacted as proposed, the revisions would give more banks flexibility to make loans to their customers, show discretion in credit decisions, and engage in relationship lending

CSBS Announces Seventh Annual NMLS Conference and Training

WASHINGTON, D.C. - January 23, 2015 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS) will host the seventh NMLS Annual Conference and Training February 16-19 in San Diego, Calif

Tennessee Department of Financial Institutions Earns Bank, Mortgage Supervision Reaccreditations

WASHINGTON, D.C. - December 12, 2014 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) announced today that the Tennessee Department of Financial Institutions (the Department) has received certificates of accreditation, confirming that the Department maintains the highest standards and practices in state banking supervision, as set forth by the CSBS Bank Accreditation Program, and mortgage supervision, as set forth by the AARMR/CSBS Mortgage Accreditation Program.

Connecticut and Oklahoma Begin Using Uniform Mortgage Test; 45 State Agencies Now Using the...

Washington, D.C. - October 28, 2014 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS) announced today that the Connecticut Department of Banking and the Oklahoma Department of Consumer Credit began using the National SAFE Mortgage Loan Originator (MLO) Test with Uniform State Content on October 1, 2014. This brings the total number of state agencies using the test to 45

An Additional Four States to Use Uniform Mortgage Test; 39 State Agencies Now Using...

WASHINGTON, D.C. - January 8, 2013 - (RealEstateRama) -- As of January 1, four additional state or U.S. territory agencies began using the new National SAFE MLO test, bringing the total number of agencies that use the test to 39.

Five More States to Use Uniform Mortgage Test; 35 States Now Using the Test

Washington, D.C. - October 1, 2013 - (RealEstateRama) -- Five additional state agencies began using the new National SAFE MLO test today, bringing the total number of state agencies to 35 who have implemented this new test.

Ten More States to Use Uniform Mortgage Test; 30 States Now Using the Test

Washington, D.C. - July 1, 2013 - (RealEstateRama) -- Ten additional state agencies will begin using the new National SAFE MLO test today, bringing the total number of state agencies to 30 who have implemented this new test. The test, which was first made available on April 1, 2013, combines both the national and state testing requirements of the SAFE Act and streamlines the license application process for mortgage loan originators (MLOs) seeking licenses in multiple states. The new test replaces the separate, state-specific test for the states that adopt it. In addition, a short version of the uniform state test (the stand-alone UST) is available to take for a limited time

Multi-State Mortgage Committee Issues 2012 Annual Report to State Regulators

Washington, D.C. - March 11, 2013 - (RealEstateRama) -- The Multi-State Mortgage Committee (MMC, or the Committee) released today its 2012 annual report highlighting accomplishments of the Committee in 2012

Business Real Estate Press Releases

Natomas

CVS-Anchored Natomas Shopping Center in Sacramento Sells for $10.3 Million

Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm arranged the sale of Natomas Shopping Center in Sacramento, California, in an off-market transaction.

Recent Gov & Nonprofit Real Estate Press Releases

Wyden Calls for Improvements to Nursing Home Rating System

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today called on the federal government to improve the quality measures for adequate staffing that American seniors and their families use when selecting a nursing home