Mortgage delinquencies remain low — for now Mortgage delinquencies persist near historic lows in 2023 — but are slowly on the rise, with real estate owned (REO) property soon to make a serious comeback.
Share your insight with the DRE — and earn free CE The DRE wants to hear from licensees to help develop the latest version of the salesperson and broker state exams — and is giving free CE as a thank you.
Due-on-Further Encumbrance and Foreclosure This video covers triggering the due-on clause on a further encumbrance of a property or a senior mortgage holder's call of the mortgage on a foreclosure.
As consumer mortgage complaints jump — originations plummet In 2022, the number of consumer mortgage loans originated by DFPI licensees was down a shocking 70% from the prior year.
Form-of-the-Week: Bed Bug Addendum and Pest Control Operator's Findings A landlord uses RPI Forms 563-2 and 563-3 to notify a tenant of bed bug preventions and a pest control's observations after a bed bug inspection.
Recent Case Decision: In re Guevarra May a debtor in bankruptcy claim a wildcard exemption for their vested interest in a property after the debtor initially denied holding any interest in the property?
California residential construction starts SFR construction starts were 14% below one year earlier in the six-month phase ending July 2023. Multi-family construction was down a slight 1%.
Current mortgage rates The average 30-year FRM rate increased to 7.18% in the week ending September 15, 2023. The average 15-year FRM rate remained level at 6.51%.
Trending: Tightened mortgage standards lock out homebuyers, sellers Mortgage loan availability fell in July 2023 to its lowest level in a decade for non-qualified mortgages.
Popular: Zoning obstacles for manufactured homes in California More acceptance of manufactured homes within California's zoning laws may help address the housing deficit.
Trending: Monthly Statistical Update: September 2023 Today's market includes low buyer purchasing power, consumers saving for a rainy day and a yield spread pointing towards a late-2023 recession.
Real Estate Crossword Test your real estate fundamentals with the weekly firsttuesday Real Estate Crossword Puzzle! The state exam topic for this week: Transfer of Property.
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