Unlicensed finance company president found guilty of operating mortgage fraud scheme
The president of a mortgage foreclosure consultant company was convicted of 100 felony counts for operating a mortgage fraud scheme in California.
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Tag: foreclosure
FHA lengthens amortization of delinquent mortgages to 40 years
The Federal Housing Administration (FHA) is keeping their mortgaged homeowners who are delinquent in payments on the books.
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Mortgage Concepts: Trustee’s Sale: Sold to the Highest Bidder
This video explains the procedures followed for a trustee’s sale in California.
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Bankruptcy’s tie to homeownership
Bankruptcy numbers were artificially low in 2020-2021. Prepare for today’s zombie businesses to fold with the 2023 recession.
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California’s population is shortchanged on financial literacy
What buyers don’t know when boom times become recessions can’t hurt them, right? Wrong!
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National mortgage balances increased by $1 trillion in 2022
During the fourth quarter of 2022, total national mortgage debt increased by $254 billion, contributing to a $1 trillion increase in mortgage balances in 2022.
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Mortgage delinquencies rise from historic low
While home sales volume is plummeting and home prices are spiraling, there is one housing factor on the rise — mortgage delinquencies.
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Negative equity and foreclosure
When does strategic default make sense for a negative equity homeowner?
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Listing and buying property at online auction
This guest article explains the basics of online auctions for real estate.
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California real estate: 2022 in review and a forecast for 2023
Read about the legislative changes and economic shifts which impacted real estate professionals during 2022 – and our forecast for 2023.
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MLO recession survival guide part 3: Working with REO property
How MLOs can pivot during the recession to earn fees for services needed by foreclosing lenders.
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MLO recession survival guide Part 2: Buyers’ agents and underwater home sellers
Continue to work with your evolving base of homebuyers and sellers to earn fees, even as traditional originations slow to a trickle.
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Structuring a no down payment carryback sale
This article lays out the home seller’s financial risks in an installment sale structured with little to no cash down payment from the buyer.
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The votes are in: homebuyer demand impacted by mortgage deregulation
In a firsttuesday poll from May, a question was posed to readers: how does deregulation of...
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Stay ahead of the next recession
Real estate agents: follow these tips to make sure your career survives the next recession.
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How to prepare for the REO resurgence
Agents and brokers who want to make a decent living in the leaner years ahead will prepare now for the return of real estate owned (REO) properties.
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Fannie Mae settles fair housing lawsuit for $50 million
The settlement is the first federal court ruling to determine that foreclosed properties are subject to fair housing laws.
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California mortgage relief program provides second chance in delinquency
California’s mortgage relief program is open for applications. Find out why your eligible clients will want to apply early.
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