The May 2022 DFPI Bulletin focuses on a Governor Newsom’s latest blockchain executive order, consumer protection law updates and loan forgiveness, among other topics.
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California Mortgage Lending
Learn the core concepts of consumer and business mortgage lending and brokering.
Stay current on the latest news, videos, forms, and updates for California Mortgage Lending.
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MLO Mentor: California Financing Law
This article walks you through licensing under the California Financing Law (CFL).
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Current market rates
Where are mortgage rates now? Check out our weekly interest rate update to track the latest market rates.
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Mortgage Concepts: What is the MARS Rule?
This video discusses the Mortgage Assistance Relief Services (MARS) rule.
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Sacramento County housing indicators
Get to know Sacramento County’s local housing fundamentals in these charts and forecasts.
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Santa Clara County regional housing indicators
Santa Clara County is well on its way to a full housing recovery.
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San Francisco housing indicators
View these charts for current activity and forecasts for San Francisco’s housing market.
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San Diego housing indicators
View these charts for current activity and forecasts for San Diego’s housing market.
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Rising rates bring back seller financing
As credit availability tightens thanks to rising interest rates, loan approvals become more elusive. But seller financing presents a back-door to homeownership.
read moreErrata & Updates
- Chapter 3: The Agency Law Disclosure. The updated statutory Agency Law Disclosure and confirmation provision went into effect the beginning of 2019. Both the content of the form and when it is to be used have been modified. Further, prior printings indicate the Agency Law Disclosure is not required on a lease with a term exceeding one year. However, lease transactions greater than one year are targeted transactions requiring the disclosure. For a thorough analysis of the new disclosure and confirmation practices, see the digital eBook version of the book.
- Chapter 72: Home mortgage interest deductions. The definition for principal residence on page 472 is partially obscured. It should read “The residential property where the homeowner resides a majority of the year.”
- Quiz 3 Question 3 has been simplified to read:
California anti-discrimination law is enforced by:
a. the Department of Business Oversight (DBO).
b. the Department of Fair Employment and Housing.
c. the Department of Housing and Urban Development (HUD).
d. Fannie Mae.