The Maryland Office of Financial Regulation rescinded its previous guidance that required the licensing of passive mortgage trusts following advocacy from MBA and the Maryland Mortgage Bankers and Brokers Association.
Tag: Maryland Mortgage Bankers and Brokers Association
MBA Leads Industry Response to Trust Licensing Issues in Maryland
On Friday, an MBA-led coalition of industry trade groups including the Maryland Mortgage Bankers and Brokers Association submitted a comment letter to the Maryland Office of Financial Regulation to respond to OFR’s guidance and emergency regulations to facilitate compliance with the state Appellate Court’s April 2024 ruling in the case of the Estate of Brown v. Ward.
Industry Briefs, Sept. 13, 2024
Industry news from the Maryland Mortgage Bankers and Brokers Association, MMI, LoanPASS, Rice Park Capital Management, CRMnow and Modex.