Part 2 of this video reviews CFL and MLO licensing by the DFPI, consumer mortgage originating, and reporting under the CRMLA.
Mortgage Concepts: The California Residential Mortgage Lending Act (CRMLA) Part 2
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Real Estate Principles
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Latest Articles
Mortgage Concepts: The California Residential Mortgage Lending Act (CRMLA) Part 1
This video reviews CFL and MLO licensing by the DFPI, consumer mortgage originating, and reporting under the CRMLA.
Mortgage Concepts: Advertising – a complete representation of the mortgage terms mentioned
While no guidelines exist for an “ideal” mortgage ad, there are standards an MLO needs to follow.
Economic considerations in an evaluation: Part 2
This article discusses different valuation methods for preparing a broker price opinion (BPO).
Economic considerations in an evaluation: Part 1
Learn how local economic conditions influence a broker’s price opinion – and how to use different valuation methods.
Hitting 2023 mortgage rate obstacles, construction starts return to pandemic lows; Monthly Statistical Updated (July 2023)
https://vimeo.com/841369234 The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions. This month, we’re covering: adjustable rate mortgages (ARMs), which continue to eclipse FRM rates,...
DRE Hot Seat: Property manager conceals records from owner
This article is part of an ongoing series covering violations of real estate law. Here, a broker acting as a property manager surrendered his license in connection with a disciplinary action taken by the Department of Real Estate (DRE) for concealing property management books and records from a client they represented.
Mortgage Concepts: Section 35 disclosures for higher-priced consumer mortgages
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses the disclosures requirements for higher-priced consumer mortgage loans. For course credit toward renewing...
A trust deed investment for groups
Learn about the documentation necessary for a syndicator to publicly solicit investors to fund the purchase or origination of a trust deed note and the securities risk involved when fractionalizing a trust deed investment.
Errata & Updates
- Effective January 1st, 2021, California homeowners qualify for a net equity homestead protection of up to $300,000 or the median sale price for a single family residence (SFR) in the homeowner’s county in the calendar year prior to the year in which they claim the exemption, not to exceed $600,000 (adjusted annually for inflation). [CCP §704.730] For more on this topic, see Form-of-the-Week: Homestead exemption, an asset preservation declaration – Form 465