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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.

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.

Business Real Estate Press Releases

Recent Gov & Nonprofit Real Estate Press Releases

MHP to Hold Annual Norman Christeller Golf Classic Fundraiser on June...

MHP will hold the 2023 Norman Christeller Golf Classic on June 12 at Hampshire Greens Golf Course in Ashton, MD.  This annual tournament provided the initial funds needed to start MHP over 30 years ago, and today it continues to raise critical funding for MHP’s Community Life programs, which provide enrichment for children living in affordable housing properties in Montgomery County, MD and beyond.