nmls hers mortgage licensing dodd frank act fnma rates mortgage bonds loan officers national bank: NMLS Licensing soon going into effect; HERS to start 1/1/11???, bond prices testing resistence...
- 12/28/10 03:36 AM
During this holiday-oriented week I wanted to write a quick blog post regarding three things that are relevant at this time. First of all the NMLS licensing takes effect January 1, 2011 and loan officers who aren't working for a national bank and haven't passed the NMLS test and completed the licensing process can not originate loans or get paid on loans. Florida estimates that only 10,000 of their currently-licensed 40,000 loan officers will remain in the business. Nationally, the experts predict an attrition rate of 50 - 75%. There are rumors swirling that the test for the NMLS may be … (0 comments)
During this holiday-oriented week I wanted to write a quick blog post regarding three things that are relevant at this time. First of all the NMLS licensing takes effect January 1, 2011 and loan officers who aren't working for a national bank and haven't passed the NMLS test and completed the licensing process can not originate loans or get paid on loans. Florida estimates that only 10,000 of their currently-licensed 40,000 loan officers will remain in the business. Nationally, the experts predict an attrition rate of 50 - 75%. There are rumors swirling that the test for the NMLS may be … (0 comments)
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