Archive for the Federal Law Category

Mortgage Disclosure Improvement Act: New Waiting Periods on Mortgage Transactions

Rhonda Porter on 07 16, 2009 | 8 Comments

In an early post, Ardell wrote about the significance of a buyer being able to close quickly...new regulations may put a damper on that.   With mortgage applications taken after July 30, 2009, w

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Will the New National Loan Originator Exam be Too Easy?

Jillayne Schlicke on 06 24, 2009 | 47 Comments

I just took a look at the sample questions provided by the National Mortgage Licensing System for the new national loan originator exam and I must say these are so easy why even bother with a test? 

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A Small Window of Opportunity for Washington State Unlicensed Loan Originators (Correspondent Lenders aka CLAs)

Rhonda Porter on 05 30, 2009 | 28 Comments

June 1, 2009 Update:  I just got off the phone with someone in the licensing department at DFI.   They hope to have more information available soon for mortgage originator licensing.  Some details

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WA Loan Originator Licensees Drops to 5335

Jillayne Schlicke on 05 21, 2009 | 9 Comments

At the end of 2007, Washington State had 13,722 loan originators licensed under a mortgage broker.  At the end of 2008, that number fell to 8739.  As of May 5, 2009, we're at 5335.  This number als

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