loan originator | firsttuesday Journal

MLO Mentor: Section 32 coverage tests

by Bethany Correia | Dec 6, 2021 | Finance, Laws and Regulations, Loan Products, Mortgages | 0

This MLO Mentor guide helps you quickly identify when a loan falls under Section 32 requirements....

Case in point: Is a mortgage exempt from usury law when the nonexempt lender is an entity owned by the broker who arranges the loan but is not paid a fee?

by Matthew Shade | Oct 25, 2013 | Laws and Regulations, Real Estate, Recent Case Decisions | 2

Is a mortgage exempt from usury law when the nonexempt lender is an entity owned by the broker who arranges the loan but is not paid a fee?

Are payments made late to a federally regulated lender applied in the order they are due or to the nearest installment if the loan was arranged by a broker?

by Matthew Shade | Oct 18, 2013 | Laws and Regulations, Real Estate, Recent Case Decisions | 0

A borrower obtained a purchase-assist loan arranged by a California licensed broker and originated by a federally regulated lender. The borrower missed a payment

Put back risk is huge for Big Banks – or is it?

by Carrie B. Reyes | Sep 5, 2012 | Finance, Reader Polls, Real Estate | 0

Why do you think Wells Fargo is taking so much of the mortgage market? They have the best customer...

Critics demand fewer HARP 2.0 restrictions

by Carrie B. Reyes | May 8, 2012 | Reader Polls, Real Estate | 5

Do you personally know any borrowers who received a HARP 2.0 refinance? No (85%, 79 Votes) Yes...

The Fed adopts RESPA regulations aimed to protect home buyers

by ft Editorial Staff | Sep 9, 2010 | Real Estate | 1

The Federal Reserve (the Fed) is now in charge of protecting homebuyers from unfair and deceptive lending practices by lenders and loan brokers subject to the Real Estate Settlement Procedures Act (RESPA). This is a huge step...