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Tag Archives: SAFE Act

Habitat, other housing non-profits gain freedom from mortgage origination rules

A state law signed in late May relieves Mississippi’s Habitat for Humanity chapters of requirements that each chapter have a person certified to originate mortgages. That provision of the state’s version of the federal Secure and Fair Enforcement Mortgage Licensing Act, or SAFE, mandated that any organization or individual originating more than five mortgages a year obtain certification, a process ...

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RVs, houseboats, mobile homes — all may require mortgage license to sell

Thinking about selling that motor home you have parked out back? Better either do it before July 21 or prepare to devote the time and money to become certified as a mortgage loan originator. Unless the U.S. Department of Housing and Urban Development tells him otherwise, Mississippi Banking Commissioner John Allison is using a broad definition of “primary residence” as ...

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