NMLS | firsttuesday Journal

Mortgage Concepts: ARM awareness by an informed consumer

by ft Editorial Staff | Mar 27, 2023 | Finance, Interest Rates, Loan Products, Mortgages | 0

This Mortgage Concepts video breaks down the critical elements of an adjustable rate mortgage (ARM).

Mortgage Concepts: The LIBOR to SOFR Transition

by ft Editorial Staff | Jan 26, 2023 | Real Estate | 0

This Mortgage Concepts video breaks down the LIBOR scandal and why lenders have transitioned to SOFR.

Mortgage Concepts: HOEPA

by ft Editorial Staff | Dec 27, 2022 | Finance, Loan Products, Real Estate, Video | 0

This Mortgage Concepts video introduces the Home Ownership and Equity Protection Act by outlining its purpose and requirements.

DFPI Bulletin Digest: November 2022

by ft Editorial Staff | Nov 28, 2022 | Real Estate | 0

The November 2022 DFPI Bulletin focuses on license renewal, crypto businesses, and veteran resources.

MLO Mentor: Section 35 loans, Part II

by ft Editorial Staff | Jul 11, 2022 | Feature Articles, Loan Products, Mortgages, Real Estate, Your Practice | 0

his article discusses the special appraisal rules applied to Section 35 loans.

Mortgage Concepts: Is it covered by TILA?

by ft Editorial Staff | Jan 17, 2022 | Real Estate, Video | 0

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).

Mortgage Concepts: Is my loan subject to RESPA?

by ft Editorial Staff | Jan 7, 2022 | Feature Articles, Mortgages, Real Estate, Video, Your Practice | 0

This video discusses determining whether or not your loan is subject to the Real Estate Settlement Procedures Act (RESPA).

Mortgage Concepts: When is the credit exception notice used?

by ft Editorial Staff | Nov 26, 2021 | Feature Articles, Mortgages, Real Estate, Video, Your Practice | 0

Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses circumstances that require the issuances of the credit exception notice. For course credit toward renewing your NMLS license, visit firsttuesday.us.

DFPI Bulletin Digest: November 2021

by Bethany Correia | Nov 22, 2021 | Real Estate | 0

The November 2021 DFPI Bulletin focuses on NMLS license renewals, and the newly launched DFPI webpage for cryptocurrency and digital assets, among other topics.

Mortgage Concepts: Issuing a risk-based pricing notice

by ft Editorial Staff | Nov 19, 2021 | Feature Articles, Mortgages, Real Estate, Video | 0

Mortgage Concepts: Are they a customer under Regulation P?

by ft Editorial Staff | Oct 22, 2021 | Feature Articles, Loan Products, Real Estate, Video | 0

Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses Regulation P, which governs privacy rules of a consumer’s financial information. For course credit toward renewing your NMLS license, visit firsttuesday.us.

DFPI Bulletin Digest: May 2021

by Bethany Correia | May 17, 2021 | Real Estate | 0

The May 2021 DFPI Bulletin focuses on newly appointed positions within the DFPI, the Diversity in...

Digital advertising: A compliance hot spot for brokers

by Guest Author Summer Goralik | Jun 2, 2020 | Laws and Regulations, Real Estate, Your Practice | 0

Real Estate Compliance Consultant and former Department of Real Estate (DRE) Investigator, Summer Goralik, shares advice on complying digital advertising regulations in 2020. Visit the original post on her blog here.

Mortgage Concepts: California MLO licensing laws

by ft Editorial Staff | Apr 17, 2020 | Real Estate | 0

This Mortgage Concepts video clarifies the differences between California’s MLO licensing...

DBO Bulletin Digest December 2019

by ft Editorial Staff | Dec 18, 2019 | Finance, Laws and Regulations, Loan Products, New Laws, Real Estate | 0

Editor’s note — The California Department of Business Oversight (DBO) supervises, licenses and...

What triggers repayment of a reverse mortgage?

by ft Editorial Staff | Jun 21, 2019 | Finance, Laws and Regulations, Real Estate | 0

An overview of the circumstances that trigger repayment of a home equity conversion mortgage.

Is it a violation of appraiser independence?

by ft Editorial Staff | Mar 21, 2019 | Finance, Laws and Regulations, Loan Products, Real Estate, Video, Your Practice | 0

This video reviews the rules governing appraiser independence under the Truth-in-Lending Act, including prohibitions of conflicts of interest and deliberately inaccurate evaluations.

Are they a customer under Regulation P?

by Oscar Alvarez | Feb 26, 2019 | Finance, Loan Products, Real Estate, Video | 0

This video reviews the Privacy of Consumer Financial Information, including the rules controlling the sharing of a mortgage applicant’s or borrower’s sensitive personal information.