To understand today’s dynamic mortgage industry, a look back at its origins in the U.S. is crucial.
A history of the mortgage industry: Part 1
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Creating Carryback Financing
Secure the most efficient structuring for a seller’s extension of credit to a real estate buyer, every time. Stay current on the latest news, videos, forms, and updates for Creating Carryback Financing.
Recent updates to the course e-book
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Fed announces a quicker increase to interest rates
The Fed’s announcement follows another month of record-setting consumer inflation.
MLO Mentor: Section 32 coverage tests
This MLO Mentor guide helps you quickly identify when a loan falls under Section 32 requirements. Enroll in firsttuesday’s 8-Hour NMLS CE to renew your California mortgage loan originator license and learn more about Section 32 loans in your practice. The Home...
2021 mortgage originations decline from record heights
$3.8 trillion in mortgages were originated in 2021, the majority of which were refinances.
LIBOR phase out begins on December 31, 2021. Are you ready?
As LIBOR’s demise quickly approaches, the Secured Overnight Financing Rate (SOFR) is the backup rate of choice.
Construction awaits a full jobs recovery; Monthly Statistical Update (December 2021)
The faltering recovery progress for jobs; Low labor force participation continues; Construction recovery hampered
California’s mortgage fraud risk rises in 2021
The share of mortgage applications with indications of fraud was up 39% from a year earlier in California.
Buyer purchasing power goes negative, reigning in home sales volume and prices; Monthly Statistical Update (November 2021)
Home sales volume jumped — past to present; Pandemic-primed home prices now ripe to pop; Buyer purchasing power turns against home sales
Mortgage Concepts: Are they a customer under Regulation P?
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses Regulation P, which governs privacy rules of a consumer’s financial information. For course credit toward renewing your NMLS license, visit firsttuesday.us.