Learn the core concepts of consumer and business mortgage lending and brokering.
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A broker and their agent use RPI Form 104 to arrange a mortgage with a buyer or owner of real estate or a holder of a trust deed note and RPI Form 119-1 to disclose to all parties the receipt of a mortgage-related fee in addition to a sales fee on the transaction.
Southern California’s commercial market softened even further in the first quarter of 2024.
Multi-family and SFR construction continue to lag behind demand for new housing.
When does strategic default make sense for a negative equity homeowner?
Calif. Health and Safety Code §50426
Amended to add subsection (c) by AB 1508
Effective date: January 1, 2024
Southern California’s commercial market softened even further in the fourth quarter of 2023.
A trust deed 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, and when arranging a loan made by a trust deed investor collateralized by an existing trust deed note held by the borrower to prepare an offer by the investor for the borrower’s acceptance stating the terms and conditions for making the collateralized loan.
Learn what a Section 32 loan is, and why MLOs try to avoid originating these types of loans.
Rescission by a homeowner terminates their already closed borrower mortgage transaction.
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