#mortgage-licensing

[ follow ]
#shared-equity-homeownership #state-regulation #consumer-protection #disclosure-requirements
Boston real estate
fromwww.housingwire.com
2 days ago

As HEI regulation expands, states debate loan classification

States are adopting divergent regulatory approaches for shared equity homeownership products, with consumer-protection-focused licensing and disclosure requirements expanding across jurisdictions.
Real estate
fromwww.housingwire.com
5 days ago

Illinois creates regulatory framework for home equity investments

Illinois integrates shared equity home investment entities into the mortgage licensing framework, sets contract-specific requirements, and uses standardized cost disclosures with fit-for-purpose rule alternatives.
Real estate
fromwww.housingwire.com
2 months ago

Why mortgage licensing must be a priority for private lenders In 2026

Mortgage licensing is a critical legal and deal-enabling priority for private lenders, not an operational afterthought, with significant consequences for non-compliance including usury exposure, penalties, and loan enforceability risks.
fromwww.housingwire.com
7 months ago

Former LO sentenced in reverse mortgage fraud scheme

Together, they obtained homeowners' reverse mortgage funds under the pretense of financing home repairs but ultimately diverted the money. Bohn held a mortgage loan originator license from 2012 to 2018 and pleaded guilty to mail and wire fraud. He entered a plea agreement in January 2024, and his state license was revoked in July of that year. According to court documents, Bohn's sentence announced Wednesday was shorter than the 28 months requested by federal prosecutors.
US news
[ Load more ]