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Mar 10, 2010 - 10:12 AM  
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spacer.gif   Info: Attention Mortgage Loan Originators!
Posted by: brian.garis on Friday, February 12, 2010 - 02:56 PM
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  Mortgage News
96 Reads

Important information regarding state and federal pre-licensing training from Manfred Real Estate Learning Center

The Manfred Real Estate Learning Center has been approved (Provider ID: 1400131) to offer the 20 hour NY SAFE Comprehensive Mortgage Loan Originator Course as required under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act). Read on for answers to some commonly asked questions.
Note: Please click the link for The Manfred Real Estate Learning Center for additional information, and to learn about course discounts for current MBA members!!!

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spacer.gif   Yet another try at foreclosure rescue
Posted by: brian.garis on Wednesday, February 03, 2010 - 09:38 AM
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  Legislation
100 Reads

By Tami Luhby, senior writer
January 28, 2010: 6:59 PM ET


NEW YORK (CNNMoney.com) -- Under fire for the low number of people receiving long-term mortgage help, the Treasury Department on Thursday announced new guidelines that will require applicants to provide all paperwork before getting a trial modification.

The new policy will make it harder for troubled homeowners to start the process, but it should make it easier for them to qualify for permanent assistance under President's Obama foreclosure prevention plan.
Note: NY Superintendent of Banks Richard Nieman contributed to this article.

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spacer.gif   Obama may use bank tax to recoup bailout
Posted by: brian.garis on Monday, January 11, 2010 - 07:03 PM
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  Legislation
135 Reads


By Jennifer Liberto, senior writerJanuary 11, 2010: 4:42 PM ET

New York (CNNMoney.com) -- The White House is considering a tax on financial institutions to ensure that taxpayers who bailed out banks get paid back, a senior administration official said Monday.

The law that created the $700 billion Troubled Asset Relief Program empowered the president to ask Congress to recoup money if bailouts were not paid back in full.


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spacer.gif   Top 5 Regulatory Priorities for 2010
Posted by: brian.garis on Monday, January 04, 2010 - 01:16 PM
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  Information
171 Reads

Banking Institutions Should Prepare for 'The Year of Consumer Protection'
December 28, 2009 - Linda McGlasson, Managing Editor

If you thought 2009 was a tough year in terms of regulatory scrutiny, wait until 2010.
With regulatory reform and consumer protection high on the agenda, financial institutions should face new pressures on several fronts, say industry observers.

Here are the top five regulatory issues for banking institutions to consider in 2010:

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spacer.gif   Info: MBA Study Shows Narrowing in Profit Margins For Independent Mortgage Bankers and Subsidiaries
Posted by: brian.garis on Friday, December 18, 2009 - 01:54 PM
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  Information
179 Reads

Source: MBA - www.mbaa.org
By: Carolyn Kemp

WASHINGTON, DC (December 17, 2009) - Independent mortgage bankers and subsidiaries made an average profit of $902 on each loan they originated in the third quarter of 2009, according to the Mortgage Bankers Association (MBA). This profit marks a decrease from the second quarter of 2009 when profits averaged $1,358 per loan, according to the MBA's most recent Quarterly Mortgage Bankers Performance Report.

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  Other Stories

· Attention Mortgage Loan Originators! (Feb 12, 2010)
· Yet another try at foreclosure rescue (Feb 03, 2010)
· Obama may use bank tax to recoup bailout (Jan 11, 2010)

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Friday, December 11
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