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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.
Rising interest rates caused the Buyer Purchasing Power Index (BPPI) hit a decades’ low in Q2 2022.
This article discusses which loans fall under the Section 35 higher-priced mortgage loan guidelines.
Jobs are nearing a pandemic recovery; Business bankruptcies to explode without stimulus; The mean price trendline’s tether on home prices
This article continues our discussion of the Notice of Default (NOD) and Notice of Trustee’s Sale (NOTS).
This article discusses the Notice of Default (NOD) and Notice of Trustee’s Sale (NOTS).