First proposed a year ago, the changes come at a time of increased scrutiny for the industry. Among the rules: Someone applying to become a loan ...A series of new rules – designed to help consumers – add several requirements before someone could be licensed as a loan officer or as a mortgage banker or broker. North Carolina is about to make it more difficult to work in the mortgage industry. FHA (HUD0 insures then insures the loan and pays the lender if the borrower defaults on the mortgage. The protection offered by FHA mortgages to lenders allows them to be more liberal with their terms than the prospective homeowner might otherwise obtain.
