This article discusses record retention and discrimination rules under the Equal Credit Opportunity Act (ECOA).
MLO Mentor: ECOA disclosures, Part II
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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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MLO Mentor: ECOA disclosures
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...
Fannie and Freddie unveil Underserved Markets Plans for California
With a recession looming, focus on underserved markets is critical.
Structuring a no down payment carryback sale
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.
MLO Mentor: Section 35 loans, Part II
his article discusses the special appraisal rules applied to Section 35 loans.
Press Release: Buyer Purchasing Power Index (BPPI) falls to new low in Q2 2022
Rising interest rates caused the Buyer Purchasing Power Index (BPPI) hit a decades’ low in Q2 2022.
MLO Mentor: Section 35 loans
This article discusses which loans fall under the Section 35 higher-priced mortgage loan guidelines.
California home prices, bankruptcies, and jobs are at a turning point; Monthly Statistical Update (July 2022)
Jobs are nearing a pandemic recovery; Business bankruptcies to explode without stimulus; The mean price trendline’s tether on home prices
MLO Mentor: Notice of Default & Notice of Trustee’s Sale, Part II
This article continues our discussion of the Notice of Default (NOD) and Notice of Trustee’s Sale (NOTS).