This video discusses determining whether or not your loan is subject to the Real Estate Settlement Procedures Act (RESPA).
Mortgage Concepts: Is my loan subject to RESPA?
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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
Press Release: Q4 2021 Buyer Purchasing Power goes negative with rising interest rates
The California BPPI figure declined to -5.0 in December 2021, reflecting a 5% decrease in mortgage money available to homebuyers reliant on financing.
Mortgage rates enter 2022 in a risky crossover; Monthly Statistical Update (January 2022)
Fixed rate mortgage (FRM) rates look flat to up; Bond market investors subdued as the Fed fights inflation; Homebuyers eye low rates on adjustable rate mortgages (ARM)
DFPI Bulletin Digest: December 2021
The December 2021 DFPI Bulletin focuses on new state laws affecting licensees and the 2021-22 escrow special assessment, among other topics.
Mortgage Concepts: What triggers repayment of a reverse mortgage?
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses circumstances that trigger repayment of a reverse mortgage.
DRE Bulletin Digest: Fall 2021
The fall 2021 edition of the DRE Bulletin serves as an annual report focusing on the DRE’s accomplishments throughout the previous fiscal year (which ended June 30, 2021).
Mortgage Concepts: How to issue the adverse action notice
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses guidelines for issuance of the adverse action notice/notice of action taken under both the Equal Credit Opportunity Act (ECOA) and Fair Credit Reporting Act (FCRA). For course credit toward renewing your NMLS license, visit firsttuesday.us.
MLO Mentor: Anti-Money Laundering
This MLO Mentor article outlines common money laundering practices and the programs that counter them.
Mortgage Concepts: What are the elements of a nontraditional mortgage risk?
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses the elements of a nontraditional mortgage risk. For course credit toward renewing your NMLS license, visit firsttuesday.us.
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.