This video covers delivery of the Loan Estimate and Closing Disclosure.
Mortgage Concepts: Timelines for lender RESPA disclosures
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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.
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May a second trust deed note holder on a call of a recourse note now unsecured due to foreclosure by the senior note holder, judicially collect the payment due on the call when monthly note payments are more than four years delinquent?
Piedmont Capital Management, LLC. v. McElfish
Form-of-the-Week: Agreement to Modify a Promissory Note, and Modification of the Promissory Note — Forms 426 and 425
These forms are used by a holder of a mortgage, their servicing agent or broker when arranging the modification of the mortgage note, to set forth the terms sought in the modification effort, to evidence the modification of the original note and state the change in terms of the note.
Form-of-the-Week: Trust Deed Listing, and Purchase Agreement for Note and Trust Deed — Forms 112 and 241
A trust deed broker uses these forms when employed by the holder of a trust deed note, to act as their exclusive agent to locate an investor and negotiate the terms for the sale of the note, and a loan broker uses these forms when arranging the purchase by a trust deed investor of an existing trust deed note held out for sale, to prepare an offer stating the price and conditions for purchase of the trust deed note.
Sales volume trends, from a weak year; Monthly Statistical Update (December 2023)
Sales volume after 2023’s puny seasonal bounce; Sales volume is weakening, but a recovery lurks; MLS inventory flatlines, buyers and sellers wait
A consumer mortgage becomes a Section 32
A consumer-purpose mortgage origination secured by the borrower’s primary residence earns a Section 32 designation based on a three-step set of APR tests.
Conflicts of interest facing appraisers and mortgage lenders
An appraiser must not have a direct or indirect interest, financial, personal or otherwise, in the property they have been retained to prepare an appraisal.
Financial risk is high in these California metros
In terms of financial safety, most California metros rank low, with the housing market to blame.
Mortgage industry sees more originations in 2024, despite also anticipating a recession
The MBA’s crystal ball shows more mortgage originations in 2024 – but also a recession.
Errata & Updates
No Corrections Currently Reported.