Key short-term rate rises; ARM rates inch higher; Fewer refinances going forward
Rising interest rates drag down refinances; Monthly Statistical Update (October 2018)
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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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May a homeowners’ association (HOA) collect assessments from an owner after the owner files for bankruptcy?
Goudelock v. Sixty-01 Association of Apartment Owners Facts: A property owner buys a condominium unit secured by a mortgage and subject to monthly homeowners’ association (HOA) assessments. The owner experiences financial difficulties and stops paying the HOA...
Freddie Mac loosens requirements for Home Possible Mortgage program
Freddie Mac is consolidating two mortgage programs and broadening mortgage access.
More one-person households buying homes
More singles are striking out on their own to become homeowners.
California-sponsored PACE program struggles with tax problems
Designed with noble intentions, Property Assessed Clean Energy (PACE) programs are actually causing more harm than good to homeowners.
Jobs, home sales, agents – peaked or not quite; Monthly Statistical Update (September 2018)
Jobs move real estate; Sales agent licensing and home sales volume move in tandem; Sales agent licensing and renewals to slip
Rising Baby Boomer and young adult populations look for home; Monthly Statistical Update (August 2018)
California’s growing population in search of housing; Homeownership strongest among older generation; First-time homebuyer population rises, homeownership remains down
Home prices run away from incomes, for now
Today’s volatile relationship between incomes and home prices is ripe for a correction.
May a trustee retain surplus funds from a foreclosure sale while a wrongful foreclosure action is pending?
Placer Foreclosure, Inc. v. Aflalo Facts: A homeowner obtains a mortgage from a lender, which is secured by the homeowner’s property. The homeowner experiences financial difficulties and defaults on the mortgage. The lender completes a trustee’s foreclosure sale of...