State Regulators Tap Securities Industry Watchdog to Create Nationwide Uniform Licensing, Tracking System
June 15, 2006
The National Association of Securities Dealers has agreed to lend its expertise in building a nationwide licensing and database system to simplify state mortgage registration and licensing and make it easier to track lending miscreants as they move through the mortgage financing system. The NASD signed a contract June 9 to develop a system akin to the Central Registration Depository and the Investment Adviser Registration Depository used by the securities industry to register, license and…
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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