Rising interest rates caused the Buyer Purchasing Power Index (BPPI) hit a decades’ low in Q2 2022.
Press Release: Buyer Purchasing Power Index (BPPI) falls to new low in Q2 2022
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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.
Latest Articles
MLO Mentor: Section 35 loans
This article discusses which loans fall under the Section 35 higher-priced mortgage loan guidelines.
California home prices, bankruptcies, and jobs are at a turning point; Monthly Statistical Update (July 2022)
Jobs are nearing a pandemic recovery; Business bankruptcies to explode without stimulus; The mean price trendline’s tether on home prices
MLO Mentor: Notice of Default & Notice of Trustee’s Sale, Part II
This article continues our discussion of the Notice of Default (NOD) and Notice of Trustee’s Sale (NOTS).
MLO Mentor: Notice of Default & Notice of Trustee’s Sale
This article discusses the Notice of Default (NOD) and Notice of Trustee’s Sale (NOTS).
DFPI Bulletin Digest: June 2022
The June 2022 DFPI Bulletin focuses on public comments regarding a crypto assets, consumer complaints and national homeownership month, among other topics.
The housing market tips as ARM share rises, mortgage applications plummet
As interest rates have jumped, homebuyers in search of relief are embracing seductively low teaser rates.
Determining creditworthiness in seller financing
Creditworthiness in seller financing can be a moving target — here’s how to hit a bullseye.
MLO Mentor: California’s Homeowner Bill of Rights
This article gives an overview of California state’s Homeowner Bill of Rights (HBOR).
Errata & 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.
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.