Learn the core concepts of consumer and business mortgage lending and brokering.
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MLO Mentor is an ongoing series covering compliance best practices for mortgage loan originators (MLOs). This article discusses the purpose, popularity and elements of the adjustable-rate mortgage (ARM). Review Part 1 of MLO Mentor: The adjustable-rate mortgage. The...
Morris v. JPMorgan Chase Bank, N.A.
Punishing mortgage rates drop Buyer Purchasing Power to the basement; Stock market price restructuring — investors prepare for decay to ripple into property prices; California home sales volume has taken an unseasonably downward trend
The July 2022 DFPI Bulletin focuses on small business financing disclosures, proposed rules on commercial financial products, and the 2022-2023 assessment rates for financial institutions, among other topics.
This article discusses record retention and discrimination rules under the Equal Credit Opportunity Act (ECOA).
MLO Mentor is an ongoing series covering compliance best practices for mortgage loan originators (MLOs). This article discusses the notification rules and disclosures required under the Equal Credit Opportunity Act (ECOA). Notification rules All notifications required...
With a recession looming, focus on underserved markets is critical.
This article lays out the home seller’s financial risks in an installment sale structured with little to no cash down payment from the buyer.
his article discusses the special appraisal rules applied to Section 35 loans.
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