Bankruptcy numbers were artificially low in 2020-2021. Prepare for today’s zombie businesses to fold with the 2023 recession.
Bankruptcy’s tie to homeownership
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Mortgage Loan Brokering & 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.
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Property prices and cost of capital test buyer readiness; Monthly Statistical Update (May 2023)
Yield spread emboldens the recession factor; The jobs recovery is leveling out – no surprise; Interest rates for borrowing drive pricing
DRE Hot Seat: Prison time for a broker who committed heinous mortgage fraud
This article is part of an ongoing series covering violations of real estate law. Here, the California Department of Justice (DOJ) sentenced a broker to 5 years and 4 months in prison and ordered him to pay restitution for creating forged and fraudulent records to obtain more than $8 million in mortgages for his clients in order to earn fees for himself.
Mortgage Concepts: Steering homeowners to preferred counselors on HECMs
This Mortgage Concepts explainer video breaks down counseling requirements for consumers considering a Home Equity Conversion Mortgage (HECM).
Loan production costs are drowning mortgage brokers
Just 32% of loan companies were able to remain profitable in 2022.
Press Release: Q1 2023 Buyer Purchasing Power Index down 23% from a year earlier
A homebuyer with the same income is able to borrow 23% less purchase-assist mortgage money than a year ago due to interest rate hikes alone.
Home sales volume finds a new low, ARMs no longer an option to extend purchasing power; Monthly Statistical Update (April 2023)
Home sales volume in the basement; FRM rates to fall back in 2023 — but not yet; ARM rates crossover the FRM rate
Mortgage Concepts: ARM awareness by an informed consumer
This Mortgage Concepts video breaks down the critical elements of an adjustable rate mortgage (ARM).
National mortgage balances increased by $1 trillion in 2022
During the fourth quarter of 2022, total national mortgage debt increased by $254 billion, contributing to a $1 trillion increase in mortgage balances in 2022.