The October 2021 DFPI Bulletin focuses on new Consumer Financial Protection Legislation, proposed modifications to Responsible Small Dollar Loans Pilot Program, and escrow reports due, among other topics.
DFPI Bulletin Digest: October 2021
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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 Concepts: Are they a customer under Regulation P?
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses Regulation P, which governs privacy rules of a consumer’s financial information. For course credit toward renewing your NMLS license, visit firsttuesday.us.
Mortgage Concepts: Is it a Section 32 loan?
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses Section 32 loan features, coverage tests and disclosures. For course credit toward renewing...
Mortgage Concepts: Is it a violation of appraiser independence?
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video clarifies violations of appraiser independence rules. For course credit toward renewing your NMLS license, visit firsttuesday.us.
Press Release: Q3 2021 Buyer Purchasing Power Index hits zero as interest rates rebound from bottom
While not yet negative, Q3 2021’s neutral BPPI figure reflects a worsening situation for homebuyers reliant on mortgage financing.
Asset prices are untethered from incomes; Monthly Statistical Update (October 2021)
1.3 million more jobs needed in California; Stocks soar to new heights; Stocks or real estate in 2022?
Interest rates set to rise; Monthly Statistical Update (September 2021)
30-year FRM rates have a story to tell; ARMs poised to shift lender risks to homebuyers; The 10-year Treasuries and FRM rate spread suggests rates will rise
Second-home demand a symptom of California’s uneven recovery
Foreclosure and home sales figures together warn of an uneven, K-shaped recovery ahead.
1 million serious delinquencies expected as forbearance programs expire
While overall delinquencies maintain their improvements, serious delinquencies remain elevated as forbearance deadlines approach.