MBA Stops Short of Endorsing Multi-State Licensing Project
August 28, 2006
A multi-state project to automate and harmonize mortgage licensing requirements nationwide is causing grave concerns in the mortgage industry. Why it is keeping its skepticism under wraps is unclear, but the Mortgage Bankers Association is having discussions with the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators to try to resolve its gripes. A CSBS official said other minor “evolutionary” issues raised by the MBA are already being addressed...