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Hey, if you're still originating loans now, you may-as-well stick around another year, right? The 2012 NMLS Streamlined Renewal Process is underway . This year, over 16,000 companies and 115,000 state-licensed mortgage loan originators, holding licenses from one or more of the 58 state agencies using NMLS, are eligible to renew their licenses for 2012. Additionally, over 10,000 institutions and about 250,000 federally registered mortgage loan originators are eligible to renew their federal registration...

Harkening back to the Prius' brake recall issue, this bumper sticker was seen: "TOYOTA: Once you drive one, you'll never stop." Pun aside, I would imagine that some in the mortgage banking business wonder if "it" (large-scale regulatory change) will ever stop, while others seem to see some opportunities out there for mortgage companies that are still around. Just as it seems that practically all companies have put in place their compensation plans (get those loans in by...

FHFA Opposes PACE Program, California Files Lawsuit; Financial Reform Vote; New Housing Counselor Handbook; FDIC Selling Distressed Loans...

FDIC Proposes Risk Retention Rules for Securitized Loans; The Price Mechanism and Discounting Risk; FHA Broker Approval Update...

Flood Insurance Program Not Extended; FHA MIP Reminder; Wells Fargo Jumbo Rollout; PIMCO Hiring; Bank Failures...

The other day my boss commented that, "If every employee contributed half of their life savings to our firm, we'd be on the road to profitability!" I knew things were getting tough when they replaced "Bring Your Child to Work Day" with "Bring Your Child to do Work Day". On the other hand, the margarita machine in the executive lunchroom still seems to be working just fine, regardless of the unemployment statistics....