The VA has released instructions on how to process home improvement mortgages.
Lender guidance for VA home improvement mortgages
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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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Lender guidance for VA construction mortgages
Clarifications for the lender’s process to close VA-guaranteed construction mortgages.
May a credit reporting agency (CRA) be held liable for Fannie Mae’s incorrect classification of a short sale as a foreclosure?
Shaw v. Experian Information Solutions, Inc. Facts: A distressed homeowner short sells their property which was secured by a mortgage. A credit reporting agency (CRA) accurately reports this on the homeowner’s credit report using a proprietary code format. Fannie...
Does a cost of savings index (COSI) substitution require affirmative approval from a lender’s regulator?
Campidoglio LLC v. Wells Fargo & Company Facts: A borrower obtains a mortgage from a lender. The lender is acquired by a second lender which notifies its primary regulator of its intent to substitute the cost of savings index (COSI) used to calculate the...
Stock and interest rate movement now signal the coming recession; Monthly Statistical Update (July 2018)
Stocks begin to stumble, real estate will follow; ARM rates rise tracking the Fed rate creep; Higher FRM rates portend slowing sales volume
Press Release: Buyer purchasing power continues down
California’s Buyer Purchasing Power Index (BPPI) declined to -6.9 in June 2018.
To buy in 2018? Homebuyer sentiment is up
Find out what homebuyers have in mind for 2018 and how to make their expectations work for you and your agents!
The yield spread’s directive for home prices
The yield spread has dipped below 1% in 2018, here’s what it means for home prices.
Home prices temporarily outrun California’s flat home sales volume; Monthly Statistical Update (June 2018)
Download the Monthly Statistical Update To view, print and personalize this month’s Statistical Update for your marketing campaign, click here