mortgage loan originator (MLO) | firsttuesday Journal

POLL: Mortgage loan originators (MLOs): what is the fee structure for your compensation?

by ft Editorial Staff | May 23, 2022 | Reader Polls, Real Estate | 0

This week’s poll inquires about MLO fee structures. Which structure do you fall under?

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.

A history of the mortgage industry: Part 2

by ft Editorial Staff | Jan 17, 2022 | Feature Articles, Finance, Real Estate | 0

This article examines the history of the U.S. mortgage industry, with a focus on California mortgage lending practices, from the 1980s through today.

California’s mortgage fraud risk rises in 2021

by Carrie B. Reyes | Nov 15, 2021 | Finance, Real Estate | 3

The share of mortgage applications with indications of fraud was up 39% from a year earlier in California.

Mortgage Concepts: What are the different loan types?

by ft Editorial Staff | Nov 1, 2021 | Feature Articles, Mortgages, Real Estate, Video | 0

Mortgage Concepts is a recurring video series covering best practices and compliance...

DRE Hot Seat: Fined millions by SEC, broker finds the DRE close behind

by Benjamin J. Smith | Jun 28, 2021 | Real Estate, Your Practice | 1

This article is part of an ongoing series covering violations of real estate law. Here, the DRE revoked the California real estate license of a broker who defrauded investors in his mortgage company — a criminal act substantially related to the practice of real estate.

DRE Hot Seat: Broker supervision required — always

by Benjamin J. Smith | Mar 21, 2021 | Real Estate, Your Practice | 0

This article is part of an ongoing series covering violations of real estate law. Here, salespersons associated with Real Estate Broker Services Inc. (REBS) violated multiple real estate laws — for which the brokerage was held responsible.

DRE Hot Seat: Mortgage lender mortgage fraud

by Benjamin J. Smith | Feb 12, 2020 | Real Estate | 0

This article is part of an ongoing series covering violations of real estate law. Here, brokerages engaged in MLO activities to defraud homeowners looking to refinance their mortgages.

Fall 2019 DRE Bulletin Digest

by Benjamin J. Smith | Nov 19, 2019 | Real Estate | 0

A review of the Fall 2019 DRE Real Estate Bulletin.

Mortgage lenders report rising profits in Q2 2019

by ft Editorial Staff | Nov 13, 2019 | Finance | 0

Mortgage loan originators (MLOs) reported net gains in the second quarter (Q2) of 2019.

Mortgage lenders report losses in 2018

by Carrie B. Reyes | May 7, 2019 | Finance | 1

Independent mortgage brokers reported net losses in Q4 2018.

How mortgage loan originators are compensated

by ft Editorial Staff | Aug 28, 2018 | Feature Articles, Finance | 0

Mortgage loan originators (MLOs): how is your pay structured? Commission-only (72%, 59 Votes)...

Consumer financial information privacy rules

by ft Editorial Staff | Aug 21, 2018 | Feature Articles, Finance, Laws and Regulations | 0

Privacy laws protect the sensitive information that trades hands in real estate transactions.

Dodd-Frank rollback puts banks back in charge

by Carrie B. Reyes | Jul 2, 2018 | Laws and Regulations | 22

How will the Dodd-Frank overhaul impact housing?

Loan originator compensation rules

by ft Editorial Staff | Jun 19, 2018 | Feature Articles, Finance, Your Practice | 0

This article digests the rules for how loan originators may be compensated.

Everything you need to know about USDA mortgages

by Carrie B. Reyes | May 9, 2017 | Feature Articles, Loan Products | 0

The Single Housing Guaranteed Loan Program assists approved lenders in lending to rural homebuyers by providing a high level of government guarantee for approved mortgages.