Nationwide Mortgage Licensing System (NMLS)

Mortgage Concepts: Section 32 restrictions, Part I

by ft Editorial Staff | Dec 19, 2022 | Finance, Laws and Regulations, Loan Products, Mortgages, Real Estate | 0

Click play to review the mortgage terms and features Regulation Z prohibits in Section 32 loans.

DRE Hot Seat: Danny Yen, owner of Real Estate Educational Services (REES), reprimanded by DRE and DFPI for conducting massive education fraud scheme

by Amy Perry | Mar 25, 2022 | Fundamentals, Licensing and Education, Mortgages, Real Estate | 0

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) withdrew the qualification of a real estate course provider and instructor who implemented an elaborate and multi-state educational scheme which fraudulently provided course completion certificates to hundreds of DRE licensees and mortgage loan originators (MLOs) without requiring them to pass — or even attempt — their courses and final exams.

Brokerage Reminder: Continuing education – Git ‘er done!

by ft Editorial Staff | Nov 11, 2021 | Brokerage Reminder, Real Estate | 0

Real estate business typically slows down during November and December. These slow months give you ample time to knock out your Department of Real Estate (DRE) or NMLS continuing education requirements.

DFPI Bulletin: November 2020

by Emily Kordys | Nov 10, 2020 | Real Estate | 0

The November 2020 DFPI Bulletin focuses on NMLS license renewal, the California Consumer Financial Protection Law (CCFPL) and wildfire relief guidance.

Is it a violation of appraiser independence?

by ft Editorial Staff | Mar 21, 2019 | Finance, Laws and Regulations, Loan Products, Real Estate, Video, Your Practice | 0

This video reviews the rules governing appraiser independence under the Truth-in-Lending Act, including prohibitions of conflicts of interest and deliberately inaccurate evaluations.

Are they a customer under Regulation P?

by Oscar Alvarez | Feb 26, 2019 | Finance, Loan Products, Real Estate, Video | 0

This video reviews the Privacy of Consumer Financial Information, including the rules controlling the sharing of a mortgage applicant’s or borrower’s sensitive personal information.