California tiered home pricing
Home prices have plunged across California’s metropolitan areas.
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Tag: mortgage
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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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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Loan production costs are drowning mortgage brokers
Just 32% of loan companies were able to remain profitable in 2022.
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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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When millionaires prefer renting to owning
White picket fence dreams are on pause and renting is trending for Millennial and Gen X millionaires.
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As mortgage interest rates rise, concessions return
Buyers looking to recoup lost purchasing power are dusting off old strategies to secure a more comfortable monthly mortgage payment.
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Today’s minimum down payment homebuyers are in big trouble
Low down payment homebuyers who go under contract today will be underwater by the time they sign on the dotted line.
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Today’s homebuyers take on the highest mortgage payments ever
High mortgage rates and high (but falling) home prices make 2022 the absolute worst time to be a homebuyer.
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Regulators nab two California-based mortgage relief scammers
The California Department of Financial Protection and Innovation and the Federal Trade Commission issued a joint complaint against a massive mortgage assistance relief scam operation.
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Form-of-the-Week: Mortgage Worksheets — Forms 312, 320 and 320-1
A buyer’s agent uses mortgage shopping worksheets when shopping for the most competitive mortgage options for their buyer.
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California’s commercial property shortage is making investors desperate
Desperation has increasingly pushed investors to accept unfavorable terms and lower cap rates in 2022.
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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 trillion 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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