The BPPI was +10.6 at the end of Q3 2020.
Press Release: Q3 2020 Buyer Purchasing Power Index rises due to historically low interest rates
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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.
Recent updates to the course e-book
- 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.
Newly published related content
Job losses wipe out the foundation for home sales volume, construction; Monthly Statistical Update (October 2020)
Jobs will be slow to return; The recession has impacted home sales volume first; Construction feels downward economic pressure
Rising 90+ day mortgage delinquencies are the foreclosure shadow inventory
The longer the shadow grows, the greater the tidal wave of foreclosures to come.
Additional refinancing fees delayed
The Adverse Market Refinance Fee has been delayed until December 2020, and interest rates sigh in relief.
Low interest rates have inflated prices, but the boost is coming to an end; Monthly Statistical Update (September 2020)
Sales volume’s magnetic pull on home prices; The mean price trendline: the home price anchor; The higher risk and lower purchasing power of a small down payment
Foreclosure moratorium extended by FHA, Fannie Mae, Freddie Mac
HUD and the FHFA have announced an extension of the foreclosure moratorium for single family homes through the end of 2020.
Sales volume: a powerful magnet for home prices
Home sales volume movement impacts tomorrow’s home prices.
Buyer purchasing power props up home prices, for now; Monthly Statistical Update (August 2020)
Buyer Purchasing Power Index (BPPI) rises with falling interest rates; Home sales volume succumbs to economic pressure; Home prices continue to defy gravity
Declining jobs mark a hold-cash phase in 2020; Monthly Statistical Update (July 2020)
Jobs lost puts a face on the 2020 recession; Stock market highs and lows as mostly momentum, not data based; Real estate investments are tangible and location counts — just not in 2020