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Educational Seminar & Marketplace
Join us at this year’s Annual Educational Seminar & Marketplace and let TMBA guide you through the mortgage industry maze this Nov 15 & 16, 2010. |
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www.texasmortgagelicensing.org
Let TMBA's licensing website be your main source for all your licensing and continuting education needs. TMBA, an approved educational provider through the Nationwide Mortgage Licensing System (NMLS), has always been at the forefront of the mortgage lending industry. We will continue to provide up-to-date information, publications and instructional courses that not only meet the SAFE Act licensing requirements but also expand the scope of mortgage banking. |
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Texas Mortgage Lending
Law & Practices Deskbook
This Second Edition of Texas Mortgage Lending Law & Practices
Deskbook builds on the strength of its predecessor First Edition,
and its subsequent updates. more |
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TMBA Online Store
We offer products that help further your career in the real estate finance industry, including classroom-based courses, distance-learning programs and industry publications. |
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Important Notice from TX SML
** URGENT **
IMMEDIATE ACTION REQUIRED
TX SML to NMLS Transition Ends August 31, 2010. Transition of Mortgage Broker Entity Licenses and Individual Mortgage Broker, Loan Officer, and Financial Services Company Exclusive Agent Licenses Ends August 31, 2010 [ more] 8.25.10
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SAFE Mortgage Loan Originator Test - New State Component Released
State test components are now available with NMLS. Mortgage loan originators who wish to become licensed in Kansas, Wisconsin, Texas, and the Virgin Islands may now enroll and take these state test components.
State licensed MLOs, must pass the National Test Component as well. The national test component, as well as the currently available state components, is available now at approximately 500 test centers nationwide. It is recommended that mortgage loan originators enroll, schedule and take the national component as soon as possible to ensure test center appointment availability.
You may view the available test component content outlines and detailed information about enrolling and scheduling a test session by visiting the Testing page of the NMLS Resource Center. The MLO Testing Handbook guides candidates through the entire testing process. [more] 8.17.10
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Federal Reserve Bank of Dallas
District Notice 10-51
Federal Reserve Issues Interim Rule Revising Disclosure Requirements for Closed-End Mortgage
The Federal Reserve Board has issued an interim rule that revises the disclosure requirements for closed-end mortgage loans under Regulation Z (Truth in Lending). The interim rule implements provisions of the Mortgage Disclosure Improvement Act (MDIA) that require lenders to disclose how borrowers' regular mortgage payments can change over time. [more] 8.17.10
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Federal Reserve Bank of Dallas
District Notice 10-50
Final Rules Regarding Consumer Notification of Mortgage Loan Sales or Transfers
The Federal Reserve Board has announced final rules to implement a statutory amendment to the Truth in Lending Act requiring that consumers receive notice when their mortgage loan has been sold or transferred.
The new disclosure requirement became effective in May 2009, upon enactment of the Helping Families Save Their Homes Act. Under that act, a purchaser or assignee that acquires a mortgage loan must provide the required disclosures in writing within 30 days. [more] 8.17.10
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Federal Reserve Bank of Dallas
District Notice 10-49
Final Rules to Protect Mortgage Borrowers from Unfair, Abusive or Deceptive Lending Practices
The Federal Reserve Board has announced final rules to protect mortgage borrowers from unfair, abusive or deceptive lending practices that can arise from loan originator compensation practices. The new rules apply to mortgage brokers and the companies that employ them, as well as mortgage loan officers employed by depository institutions and other lenders.
The final rules are effective April 1, 2011. [more] 8.17.10
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Federal Reserve Bank of Dallas
District Notice 0-48:
Federal Reserve Proposes Rule to Revise Escrow Account Requirements for Jumbo Mortgages
The Federal Reserve Board has proposed a rule to revise the escrow Account requirements for higher-priced, first-lien "jumbo" mortgage loans. The proposed rule, which implements a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act, would increase the annual percentage rate threshold used to determine whether a mortgage lender is required to establish an escrow account for property taxes and insurance for first-lien jumbo mortgage loans.
The Board is soliciting comment on the proposed rule, including the appropriate implementation date, for 30 days after publication in the Federal Register. [more] 8.17.10
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Transition of Mortgage Broker Entity Licenses and Individual Mortgage Broker and Loan Officer Licenses Ends August 31, 2010
July 9, 2010
The deadline for transitioning current mortgage broker entity and individual mortgage broker and loan officer Texas Department of Savings and Mortgage Lending (TX SML) licenses to the Nationwide Mortgage Licensing System (NMLS) is August 31, 2010. Beginning September 1, 2010, any request for a license made through the NMLS will be considered a new license request. NO EXCEPTIONS will be considered. [more]
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Texas Mortgage Bankers Association and TLTA Best Practices for the Real Estate Settlement Process
Texas Mortgage Bankers Association and TLTA launched the jointly endorsed Best Practices for the Real Estate Settlement Process. [download Best Practices]. |
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