Archive for the ‘North Carolina’ tag
Nationwide Mortgage Licensing System Expands to 14 States
The Conference of State Bank Supervisors (CSBS) and
the American Association of Residential Mortgage Regulators (AARMR)
announce that six more states — Connecticut, Louisiana. Mississippi,
North Carolina, New Hampshire and Vermont — will begin using the
Nationwide Mortgage Licensing System (NMLS) beginning
July 1st.
The eight states currently using NMLS are Idaho, Iowa,
Kentucky, Massachusetts, Nebraska, New York, Rhode Island and
Washington.
To date, 42 state agencies representing 40 states have
committed to participate.
Housing Slump May Affect More Banks, Says Rosengren
Speaking at a credit conference in Charlotte, North Carolina on
Friday, Boston Fed President Eric Rosengren addressed the current housing
price slump in the U.S., saying that it may continue affecting even more
banks.
In a panel discussion with Richmond Fed President Jeffrey Lacker,
Rosengren pointed to a lack of an additional buffer to banks’ capital
and…