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TrainingPro announced that its 20- and eight-hour mortgage pre-licensing courses have been approved for the Nationwide Mortgage Licensing System. In addition, AllRegs announced that its 20 Hour Mortgage Loan Originator SAFE Comprehensive course was approved by NMLS. Also jumping on the NMLS bandwagon was the Mortgage Bankers Association, which said that its CampusMBA was NMLS-approved.Read [...]

Wells Fargo Home Equity Group’s primary servicer rating for home-equity lines-of-credit was upgraded by Fitch Ratings. In addition, the unit’s primary specialty servicer rating for second liens was also bumped. The home equity unit is a subsidiary of Wells Fargo Bank, N.A.Read more…

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The National Association of REALTORS sent a letter to Federal Reserve Board Chairman Ben Bernanke asking for a delay in the enforcement of restrictions preventing lenders from making higher-priced FHA mortgages. Mortgage Marvel said that the TILA’s Regulation Z changes require additional disclosures and more information in advertisements about how payments on adjustable-rate mortgages might [...]

The average 30-year fixed-rate mortgage increased 5 basis points in Freddie Mac’s latest weekly survey. Mortgage rates are headed higher according to more than two-thirds of the 100 panelists surveyed by Bankrate.com. Movement in the 10-year Treasury yield also suggests rates might rise further.Read more…

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September issuances at Ginnie Mae fell 11 percent from August, Ginnie Mae reported. It was the second consecutive monthly decline at the government-owned company. But volume was up by more than half from a year earlier.Read more…

A new model sale and servicing agreement has been adopted Tuesday by the Mortgage Bankers Association, according to an announcement. The trade group said it expects the agreement to the become the standard for purchases and sales of whole loans that might be targeted for securitization. The move was made as part of an ongoing [...]

Early in the times of the internet, online mortgage calculators quickly became popular. What you used to have to pay for; you could now get in seconds and with many alternatives.