Brokers who watch the jobs numbers along with the LFP rate will find the trends useful for forecasting their future brokerage conditions
Real estate runs with the labor force participation rate
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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.
Recent updates to the course e-book
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Newly published related content
Rent-to-buy alternatives
Learn the contrasts between rent-to-buy arrangements and protective homeownership transactions structured by seasoned brokers.
Jobs move real estate
Track the single most influential factor on California’s real estate market: the number of people employed.
Low ARM rates fuel unacceptable mortgage risks
The average ARM rate remains below the FRM rate, enticing potential homebuyers unaware of its history.
California residential construction starts
Multi-family and SFR construction continue to lag behind demand for new housing.
Mortgage complaint trends
Compliance doesn’t prevent all consumer complaints, but it goes a long way toward happier customers and borrowers — and better business for MLOs.
Form-of-the-Week: Credit report disclosure forms for originating an SFR mortgage — Forms 302, 217, 217-1, 217-2 and 219
A mortgage loan originator (MLO) processing an SFR mortgage application pulls a credit report, advises the applicant of the credit agency’s score and any derogatory financial information which suggests adverse action on the application. Critical to approval, the applicant provides the MLO with explanations for the derogatory items so the MLO can process the application.
Fannie Mae, Freddie Mac accept new credit score model
Lenders and MLOs now have more Enterprise-approved options for qualifying homebuyers with thin credit histories.
California’s shifting residential vacancy rates tell a story
Residential vacancy rates – along with jobs and residential construction – held steady.