HUD Finalizes Standards for LO Licensing and Registration Under the SAFE Act

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The U.S. Department of Housing & Urban Development (HUD) has announced publication of a final rule setting the minimum standards that states must meet to comply with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) in licensing mortgage loan originators (LOs). "The SAFE Act sets nationwide standards for licensing of mortgage loan originators and is an important step in returning integrity and accountability to the residential mortgage loan market,” said Acting Federal Housing Administration (FHA) Commissioner Robert Ryan.Click to continue