Bankruptcy’s tie to homeownership
Bankruptcy numbers have been artificially low in 2020-2021. Prepare for today’s zombie businesses to fold with the next recession.
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Tag: mortgage
California tiered home pricing
Home prices turn in a mixed performance across California’s metropolitan areas.
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Rising rates bring back seller financing
As credit availability tightens thanks to rising interest rates, loan approvals become more elusive. But seller financing presents a back-door to homeownership.
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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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Mortgage Concepts: Is it covered by TILA?
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses determining whether or not your loan is subject to the Truth in Lending Act (TILA).
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A history of the mortgage industry: Part 1
To understand today’s dynamic mortgage industry, a look back at its origins in the U.S. is crucial.
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2021 mortgage originations decline from record heights
$3.8 billion in mortgages were originated in 2021, the majority of which were refinances.
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First-time homebuyers and new housing
Young homebuyers are expected to give residential construction a boost in the coming years.
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Does a super-priority lien take priority over all prior recorded liens on a property?
County of Sonoma v. U.S. Bank
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Does a national bank on acquiring a mortgage originated by a federal savings association need to pay interest on an impound account?
McShannock v. JP Morgan Chase Bank
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Commercial lending plummets in 2020
The Mortgage Bankers Association (MBA) forecasts a 59% decline in commercial loan origination amounts in 2020 for a total of $248 billion.
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May a lender refuse to accept a homeowner’s post-petition mortgage reinstatement and foreclose?
Earline Williams v. 21st Mortgage Corporation
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Mortgage credit availability declines as recession certainty sets in
Lenders are walking a tightrope this spring.
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The votes are in: Clients don’t pull their credit report before mortgage pre-approval
According to a recent first tuesday poll, 67% of prospective homebuyers seeking to be pre-approved...
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POLL: Do clients pull their credit report before seeking pre-approval for a mortgage?
Do most of your clients pull their credit report and score before seeking pre-approval for a...
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California mortgage loan originators down in 2019
The trend for state-licensed MLOs is down in 2019.
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Appraisal threshold to be raised for first time in 25 years
Appraisals will not be required for one-to-four-unit residential property transactions of $400,000 and under.
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May the holder of two trust deeds on a property nonjudicially foreclose on the senior mortgage and seek a deficiency judgment on the junior?
Black Sky Capital, LLC v. Cobb Facts: A property owner obtains a mortgage secured by a trust deed...
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May a mortgage holder demand an owner pay portions of the mortgage deferred under a mortgage modification when the owner defaults on the modified mortgage?
Taniguchi v. Restoration Homes, Inc. Facts: A property owner defaults on their mortgage and their...
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Fintech struggles to advance real estate
While fintech has revolutionized financial markets, it has made relatively little difference in how we buy and sell real estate.
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