The California BPPI figure declined to -5.0 in December 2021, reflecting a 5% decrease in mortgage money available to homebuyers reliant on financing.
Press Release: Q4 2021 Buyer Purchasing Power goes negative with rising interest rates
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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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Mortgage rates enter 2022 in a risky crossover; Monthly Statistical Update (January 2022)
Fixed rate mortgage (FRM) rates look flat to up; Bond market investors subdued as the Fed fights inflation; Homebuyers eye low rates on adjustable rate mortgages (ARM)
DFPI Bulletin Digest: December 2021
The December 2021 DFPI Bulletin focuses on new state laws affecting licensees and the 2021-22 escrow special assessment, among other topics.
Mortgage Concepts: What triggers repayment of a reverse mortgage?
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses circumstances that trigger repayment of a reverse mortgage.
DRE Bulletin Digest: Fall 2021
The fall 2021 edition of the DRE Bulletin serves as an annual report focusing on the DRE’s accomplishments throughout the previous fiscal year (which ended June 30, 2021).
Mortgage Concepts: How to issue the adverse action notice
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses guidelines for issuance of the adverse action notice/notice of action taken under both the Equal Credit Opportunity Act (ECOA) and Fair Credit Reporting Act (FCRA). For course credit toward renewing your NMLS license, visit firsttuesday.us.
MLO Mentor: Anti-Money Laundering
This MLO Mentor article outlines common money laundering practices and the programs that counter them.
Mortgage Concepts: What are the elements of a nontraditional mortgage risk?
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses the elements of a nontraditional mortgage risk. For course credit toward renewing your NMLS license, visit firsttuesday.us.
MLO Mentor: Red Flags Rule
This MLO Mentor guide helps you quickly identify suspicious activity as detailed under The Red Flags Rule. Enroll in firsttuesday’s 8-Hour NMLS CE to renew your California mortgage loan originator license and learn more about identity theft prevention in your practice.