Evaluating carryback sellers: secured and unsecured
This article covers the merits of an unsecured carryback note when the seller’s equity is less than 20% of the property’s market value, and dives into the use of a vendor’s lien.
Read More
Tag: mortgages
MLO Mentor: Section 35 loans, Part II
his article discusses the special appraisal rules applied to Section 35 loans.
Read More
MLO Mentor: The eligible non-borrowing spouse
This article discusses HECM loans and the eligible non-borrowing spouse.
Read More
MLO Mentor: Different types of ARMs
This article reviews the different types and features of adjustable-rate mortgages (ARMs).
Read More
MLO Mentor: Section 32 coverage tests
This MLO Mentor guide helps you quickly identify when a loan falls under Section 32 requirements....
Read More
Mortgage delinquencies see first year-over-year decline since the 2020 recession, with a caveat
The overall delinquency rate for U.S. residential mortgages experiences its first year-over-year decrease despite serious delinquencies rising.
Read More
Still high, commercial mortgage delinquency rates decline in Q1 2021
Commercial industries continue to experience mixed impacts from the ongoing recession in the first quarter (Q1) of 2021.
Read More
DBO Bulletin Digest August 2019
Your August 2019 DBO Bulletin digest
Read More
Is a trustee for a mortgage-in-default considered a debt collector?
Facts: A homebuyer obtains a mortgage secured by a trust deed on their property. The buyer...
Read More
POLL: How many buyers take title to a property subject to an existing mortgage?
How many of your buyers take title to a property subject to an existing mortgage? 5% or fewer....
Read More
POLL: How often are your financed deals killed by low appraisals?
How often are your financed deals killed by low appraisals? Occasionally, but not on most deals....
Read More
Land sales contracts are duping homebuyers
Investment firms are using dubious seller financing to profit from low-income buyers.
Read More
Keep Your Home California — it came too late and stayed too long
Keep Your Home California has been extended with an addition of $383.3 million in federal funding this year.
Read More
Top 10 reasons investors reject TRID mortgages
The most common reasons investors refuse to buy mortgages in the secondary mortgage market are highlighted in this list published by the authoring attorney of TRID rules.
Read More
Client Q&A: What are discount points?
Use this first tuesday FARM Letter Info-Flyer with your existing clients to provide a clear,...
Read More
May a junior lien on a property be extinguished in Chapter 7 bankruptcy when the debt on the senior lien exceeds the property’s FMV?
Bank of America v. Caulkett Facts: A homeowner obtains two mortgages to fund their purchase of a...
Read More
First-time homebuyers overestimate costs of homeownership
Where do these alleged homeownership costs come from, and how long will they keep potential first-time homebuyers away from the housing market?
Read More
From mortgage burning to housewarming: A history
You may have heard of mortgage burning parties – but where are they today? The mythical beast of debt-free homeownership may not be so far as you think from today’s homeownership culture.
Read More
POLL: Homeowners and mortgage debt
In today’s market, homeowners are more likely to: keep their homes and pay off their mortgages....
Read More
HAMP and consumers continue to flail, banks continue to profit
Less than one million homeowners have received assistance under the Home Affordable Modification Program (HAMP), six years after its creation.
Read More
Education
Quilix
Your weekly California real estate news digest.
Resources
Games
Get to know us
Products & Services
