MLO was needed to originate the mortgage at the time it was done  2011. if its not 1 to 4 units then no MLO is needed.And if its owner occ then for sure its needed and all the other QM standards.There is today a carve out for less than 3 mortgages .. now I am unclear as you are successor in interest and did not originate the originate note. .but If you do originate this new note. there is a good chance your exempt if you do not have more than 3 in a year and half a dozen in your portfolio.I would though simply call the Division of Finance and Corporate securities in Oregon that governs this.. they are pretty nice folks and get one on the phone and ask the question. .they will usually answer it if its this easy.. have your questions ready to go..

The tenants have Section 8 vouchers which means a certain dollar amount of the rent comes straight from the Government or State, and the tenant is responsible for anything over that amount. 

Here are some statistics and news articles that expand upon it:http://www.bizjournals.com/sacramento/news/2016/01/22/sacramento-job-growth-outperforms-state-totals.htmlhttp://www.capradio.org/articles/2016/11/18/government-leads-sacramentos-october-job-growthProbably the most interesting aspect of the local job market is whether or not the tech industry will catch on here as the city's new leadership is hoping:http://www.kcra.com/article/new-tech-startup-to-bring-dozens-of-new-jobs-to-sacramento/6430255If we can lure enough start-ups here by giving them free money to help their business and showing them that their employees will come here to stay and not just establish themselves and leave like they do in San Francisco, we'll really have something. 

The government is also intimately involved in the real estate market.  

The thought of having the deal with local government building & health departments persistently finding problems, DEA agents, and possibly other agencies should the tenant do something illicit in their business is just not worth the rent, and or the xtra rent.  

I have a rental property near several Universities in Pennsylvania and the town has an ordinance against renting to students.We have rented to students for approx 15 years supposedly against the ordinance.I understand government involvement with discrimination but have not seen this type a discrimination against an unprotected class i.e “students”.Does anyone know of any cases that addressed these or similar issues?

of preservation improvementsThe cost of casualty insurance premiums, plus 12% per annum interest.If the property is in an urban renewal or urban redevelopment district (as designated by local city government on their official maps), the redeeming owner must also pay:The value (not the cost!)

Even the legitimate owner if he has a good year and makes 450k And is single he could very easily say he made 250k which would save him tax money but also give him enough credibility to buy a nice car house etc.....Colorado is smart I'm sure they thought about it all and they are still making good tax money not to mention the jobs and tourism.

He made a lot of bad decisions--going to rent-to-own places, getting tattoos because, as he put it, that was the only thing that the government or the banks couldn't take away from him. 

While state law governs, each county has some variations on how they proceed.