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.
 
Contact:

Bill Matthews
Senior Vice President
Phone: 202/728-5711

1155 Connecticut Ave NW, 5th Floor
Washington, DC 20036-4306

Phone: 202.296.2840
Fax: 202.296.1928

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

Register Now for the 2013 NMLS Annual Conference and Training

Washington, DC - January 15, 2012 - (RealEstateRama) -- The fifth NMLS Annual Conference and Training will be held February 26 to March 1, 2013 in San Antonio, Texas. The Conference, which is open to media, is designed for both new and experienced users of the Nationwide Mortgage Licensing System and Registry (NMLS) and is attended by state and federal regulators, licensees, registrants, members of the media, education providers, and other interested parties. The Conference provides an invaluable exchange of information among NMLS users.

Multi-State Mortgage Committee Releases 2011 Annual Report to State Regulators

Washington, D.C. - August 21, 2012 - (RealEstateRama) -- The Multi-State Mortgage Committee (MMC) released the 2011 annual report to state regulators highlighting accomplishments of 2011 and outlook for 2012. The MMC was created in 2008 by state financial regulators through the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR). The MMC is charged with coordinating the examination and supervision of those mortgage lenders and brokers operating in more than one state. The MMC is comprised of 10 members who are elected by and report to the boards of CSBS and AARMR

NMLS State, Federal Reports Provide Comprehensive Overview of Mortgage Industry

WASHINGTON, D.C. - June 6, 2012 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS) released today its 2012 first quarter reports on state-licensed mortgage companies, branches, and individual mortgage loan originators (MLOs) in NMLS and on registered institutions and MLOs in the NMLS Federal Registry.

State Mortgage Regulators Release Mortgage Loan Originator Compensation Guidelines

WASHINGTON, D.C. - October 17, 2011 - (RealEstateRama) -- The Multi-State Mortgage Committee (MMC), a ten-state representative body created by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR), has issued examiner guidelines as a tool for consistent implementation of the Federal Reserve Board’s final rules for closed-end credit under Regulation Z. The rule introduced loan originator compensation restrictions to protect consumers against the unfairness, deception, and abuse that can arise with certain loan origination compensation practices. The rule generally prohibits payments to loan originators based on loan terms and conditions, dual compensation to originators by consumers and any other person, and “steering” consumers to loans to receive greater compensation.

State Regulators Release Mortgage Licensing Data Collected by NMLS; Reveals Mortgage Industry Remains Small...

Washington, D.C. - August 31, 2011 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS) has released its first and second quarter data for state-licensed mortgage companies, branches, and individuals in the Nationwide Mortgage Licensing System & Registry (NMLS)—a mortgage licensing system owned and operated by state regulators.

State Regulators Announce 10-State Settlement with Mortgage Access Corporation D/B/A Weichert Financial Services

WASHINGTON, DC - June 3, 2011 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) today announced a 10-state settlement, in which Mortgage Access Corp. d/b/a Weichert Financial Services (MAC) headquartered in Morris Plains, New Jersey, agreed to remit a $3 million penalty.

Joseph A. Smith, Jr. to Address the NMLS User Conference

Orlando, FL - February 9, 2011 - (RealEstateRama) -- Joseph A. Smith, Jr., North Carolina Commissioner of Banks, will address the Nationwide Mortgage Licensing System and Registry (NMLS) User Conference & Training today on the future of state mortgage regulation

Federal Registration of Mortgage Loan Originators Begins

Washington, DC - January 31, 2011 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS) is pleased to announce the commencement of the federal registration of mortgage loan originators with the Nationwide Mortgage Licensing System and Registry (NMLS or the System) in accordance with the Final Rules published by the federal banking agencies and the Farm Credit Administration.

CSBS Announces Availability of All Unique State Test Components for Mortgage Loan Originators

November 17, 2010 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS), which operates the Nationwide Mortgage Licensing System and Registry (NMLS) on behalf of state mortgage regulators, today announced unique state test components are now available for all 50 states and two territories—the District of Columbia and the Virgin Islands.

States Unveil New Nationwide Mortgage Regulatory Framework

WASHINGTON, D.C. – On January 2, a new era for mortgage regulation in the United States will ring in when the states' Nationwide Mortgage Licensing System (NMLS) goes live.

States Unveil New Nationwide Mortgage Regulatory Framework

WASHINGTON, D.C. – On January 2, a new era for mortgage regulation in the United States will ring in when the states' Nationwide Mortgage Licensing System (NMLS) goes live.

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FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.

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NAR

Pending Home Sales Falter 2.2% in September

Pending home sales experienced a minor decline in September after four consecutive months of contract activity growth, according to the National Association of Realtors®. While all four major U.S. regions recorded notable year-over-year increases