Source: Kenneth Harney, Washington Post ( Free Registration )

Should your mortgage loan officer’s fingerprints be on file in a national electronic database, even if he or she has never been convicted of a crime?

Should you be able to go to a Web site to check out your lender or mortgage broker’s professional file—including employment history and disciplinary actions—before signing up for your next home loan?

Those could be the case if far-reaching housing and mortgage legislation is approved by Congress and signed by the president this summer. The law would create a vast, mandatory licensing and registration system covering anyone who originates home mortgages, including independent brokers, bank employees, mortgage company loan officers and even real estate agents who get money from lenders for helping buyers with loan applications. 

Read Full Article: Keeping closer tabs on mortgage brokers