New York. The Mortgage Bankers Association announced its opposition to legislation requiring individual licensing of mortgage loan originators doing business in the Empire State. The trade group warned that enactment of S. 7431 and A-10802 will increase the burden on multi-state mortgage companies. Mortgage companies that do not have a federal charter do not enjoy federal preemption from state laws. As a result, the bill would place these lenders at a serious disadvantage…