Federal Agencies Issue Final Rules to Implement S.A.F.E. Act Requirements for Registration of Mortgage Loan Originators
By FDIC -

Washington, DC – July 28, 2010 – (RealEstateRama) — Federal agencies issued final rules today requiring residential mortgage loan originators who are employees of national and state banks, savings associations,


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FDIC
http://www.fdic.gov/

Congress created the Federal Deposit Insurance Corporation (FDIC) in 1933 to restore public confidence in the nation’s banking system. The FDIC insures deposits at the nation’s 8,246 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.

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Jay Rosenstein
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