NAFCU has written a letter to the NCUA asking the agency to ease some of its regulations surrounding the registration of mortgage originators.
The regulations flow from the Secure and Fare Enforcement for Mortgage Licensing Act. The law seeks to more clearly and closely identify mortgage originators and had elements that were supposed to go into effect Oct. 1.
But the association pointed out that a key element required to comply with the law, the Nationwide Mortgage Licensing System and Registry, is not yet in place.
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