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States Advance Mortgage Legislation

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03-10-2008, 04:36 PM

Veronica Corningstone Veronica Corningstone is offline

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States Advance Mortgage Legislation

In Maryland, mortgage servicers face a March 20 deadline for a new monthly reporting requirement recently enacted by state lawmakers and regulators. Emergency rules have been handed down in Colorado that mandate brokers provide requested documents for investigations conducted by state regulators. New regulations have kicked-in that requires New York loan originators to be licensed and participate in continuing education. Maine has also taken steps with legislation that tries to ensure that borrowers can afford the loans they receive.

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