Predatory mortgages, discouraged by TILA section 32
Learn what a Section 32 loan is, and why MLOs try to avoid originating these types of loans.
Read Moreby Carrie B. Reyes | Jan 15, 2024 | Feature Articles, Finance, Loan Products, Real Estate | 0
Learn what a Section 32 loan is, and why MLOs try to avoid originating these types of loans.
Read Moreby Carrie B. Reyes | Jan 8, 2024 | Appraisal, Finance, Real Estate | 0
A Section 35 higher-priced mortgage loan classification triggers certain appraisal report requirements.
Read Moreby Carrie B. Reyes | Jan 2, 2024 | Feature Articles, Finance, Laws and Regulations, Loan Products, Mortgages, Real Estate | 0
Learn the ten prohibited lender actions which protect the borrower after origination of a high-cost (Section 32) consumer-purpose mortgage.
Read Moreby Carrie B. Reyes | Jan 2, 2024 | Laws and Regulations, Mortgages, Real Estate | 0
Several repayment provisions in the note documenting a Section 32 mortgage origination are restricted in their scope — or outright prohibited.
Read Moreby Carrie B. Reyes | Dec 26, 2023 | Finance, Loan Products, Real Estate, Your Practice | 0
Learn when a consumer-purpose mortgage falls under Section 32 limitations and disclosure rules.
Read Moreby ft Editorial Staff | Oct 16, 2023 | Feature Articles, Fundamentals, Licensing and Education, Mortgages, Real Estate, Your Practice | 0
Your NMLS renewal just got more entertaining now that firsttuesday’s 8-hour NMLS CE Online Video course is freshly approved.
Read Moreby Carrie B. Reyes | Sep 13, 2023 | Economics, Finance, Mortgages, Real Estate, Recessions | 1
In 2022, the number of consumer mortgage loans originated by DFPI licensees was down a shocking 70% from the prior year.
Read Moreby Carrie B. Reyes | Aug 18, 2023 | Laws and Regulations, Mortgages, Real Estate, Your Practice | 0
California’s attorney general recently announced a crackdown on illegal telemarketing.
Read Moreby Carrie B. Reyes | Jul 18, 2023 | Feature Articles, Finance, Mortgages, Real Estate, Video, Your Practice | 0
Part 2 of this video reviews CFL and MLO licensing by the DFPI, consumer mortgage originating, and reporting under the CRMLA.
Read Moreby Carrie B. Reyes | Jul 18, 2023 | Feature Articles, Finance, Real Estate, Video, Your Practice | 0
This video reviews CFL and MLO licensing by the DFPI, consumer mortgage originating, and reporting under the CRMLA.
Read Moreby Carrie B. Reyes | Jun 20, 2023 | Feature Articles, Finance, Real Estate, Video, Your Practice | 0
Learn the factors which compel delivery of a Loan Estimate – and when changes may be made with a Revised Loan Estimate.
Read Moreby Carrie B. Reyes | Jun 7, 2023 | Feature Articles, Finance, Loan Products, Mortgages, Real Estate, Video | 0
The face of the ARM has changed over the years, most markedly during the Millennium Boom of the mid-2000s.
Read Moreby Carrie B. Reyes | Jun 3, 2023 | Feature Articles, Finance, Interest Rates, Loan Products, Mortgages, Real Estate, Video | 0
The face of the ARM has changed over the years, most markedly during the Millennium Boom of the mid-2000s.
Read Moreby Carrie B. Reyes | Jun 3, 2023 | Economics, Finance, Mortgages, Real Estate, Recessions | 0
MLOs betting their income on commercial and multi-family lending in 2023 will be disappointed.
Read Moreby ft Editorial Staff | May 19, 2023 | Feature Articles, Mortgages, Real Estate, Recessions, Your Practice | 0
Learn how mortgage origination providers will survive the ongoing downturn in mortgage originations with this RPI ebook.
Read Moreby Carrie B. Reyes | Apr 13, 2023 | Economics, Finance, Mortgages, Real Estate, Recessions | 0
Just 32% of loan companies were able to remain profitable in 2022.
Read Moreby Amy Platero | Mar 3, 2023 | Fundamentals, Licensing and Education, Real Estate, Your Practice | 0
This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the real estate license of a broker who failed to disclose broker compensation received on mortgage origination forms, while also misrepresenting themselves as a lender and not as the buyer’s agent.
Read Moreby ft Editorial Staff | Feb 27, 2023 | Mortgages, Real Estate | 0
The February 2023 DFPI Bulletin focuses on natural disaster guidance, crypto assets, and MLO reports.
Read Moreby Ashley Collins | Feb 8, 2023 | Real Estate | 0
Welcome back to your quarterly real estate industry roundup!
Read Moreby Amy Platero | Feb 1, 2023 | Fundamentals, Licensing and Education, Mortgages, Real Estate, Your Practice | 0
This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the real estate license of a broker who knowingly took a fraudulent course for their mortgage loan originator (MLO) license endorsement, violating the student Rules of Conduct and licensing requirements of state and federal law.
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