Finance | firsttuesday Journal

Trending mortgage rates

by ft Editorial Staff | Nov 15, 2024 | Charts, Economics, Finance, Interest Rates, Market Watch, Real Estate | 26

Where are mortgage rates now? Check out our weekly interest rate update to track the latest market rates.

Jobs move real estate

by ft Editorial Staff | Sep 27, 2024 | Charts, Economics, Finance, Real Estate | 13

Track the single most influential factor on California’s real estate market: the number of people employed.

Does a homeowner receive a refund for taxes paid when their property value is too high due to an incorrect assessment?

by Branden Ekas | Apr 22, 2024 | Appraisal, Laws and Regulations, Real Estate, Recent Case Decisions, Tax | 0

Greenspan v. County of Los Angeles Facts: A property owner demolishes the improvements on the...

Interest rates 101

by Carrie B. Reyes | Jan 22, 2024 | Economics, Feature Articles, Interest Rates, Real Estate | 0

This article dives into how interest rates are structured, how lenders set the interest rate on a mortgage, and how rates affect property values.

Income tax updates for 2024, with whiplash from 2018-era tax changes

by Carrie B. Reyes | Jan 19, 2024 | Economics, Finance, Real Estate, Tax | 0

Some relief as tax brackets adjust to inflation — but the bracket creep will get you.

Form-of-the-Week: Purchase Agreement for Note and Trust Deed, and Agreement to Hypothecate — Forms 241 and 242

by Amy Platero | Jan 15, 2024 | Finance, Forms, Investment, Mortgages, Real Estate | 0

A trust deed loan broker uses these forms when arranging the purchase by a trust deed investor of an existing trust deed note held out for sale to prepare an offer stating the price and conditions for purchase of the trust deed note, and when arranging a loan made by a trust deed investor collateralized by an existing trust deed note held by the borrower to prepare an offer by the investor for the borrower’s acceptance stating the terms and conditions for making the collateralized loan.

Predatory mortgages, discouraged by TILA section 32

by Carrie B. Reyes | Jan 15, 2024 | Feature Articles, Finance, Loan Products, Real Estate | 0

Learn what a Section 32 loan is, and why MLOs try to avoid originating these types of loans.

Right of rescission, after closing

by Carrie B. Reyes | Jan 12, 2024 | Feature Articles, Finance, Mortgages, Real Estate, Video | 0

Rescission by a homeowner terminates their already closed borrower mortgage transaction.

Despite Q4 2023 FRM rate slippage, Buyer Purchasing Power remains negative

by Carrie B. Reyes | Jan 10, 2024 | Economics, Home Sales, Interest Rates, Real Estate, Recessions | 0

Today’s homebuyer is limited to borrowing 9.7% less mortgage money than a year earlier due to higher interest rates alone.

Appraisal rules for high-priced mortgages

by Carrie B. Reyes | Jan 8, 2024 | Appraisal, Finance, Real Estate | 0

A Section 35 higher-priced mortgage loan classification triggers certain appraisal report requirements.

Form-of-the-Week: Personal Property Inventory, and Security Agreement For Note Secured by Personal Property — Forms 256 and 436

by Amy Platero | Jan 5, 2024 | Finance, Forms, Mortgages, Real Estate | 0

These forms are used by a seller’s agent or escrow officer when preparing a purchase agreement or counteroffer for a real estate transaction when the transfer of personal property is included and when on a carryback sale the price includes the transfer of personal property which together with the property sold will be security for the carryback note, to grant the seller a security interest in the personal property.

Section 32 disbursements, servicing and modification restrictions

by Carrie B. Reyes | Jan 2, 2024 | Feature Articles, Finance, Laws and Regulations, Loan Products, Mortgages, Real Estate | 0

Learn the ten prohibited lender actions which protect the borrower after origination of a high-cost (Section 32) consumer-purpose mortgage.

The points and fees test for Section 32

by Carrie B. Reyes | Dec 26, 2023 | Finance, Loan Products, Real Estate, Your Practice | 0

Learn when a consumer-purpose mortgage falls under Section 32 limitations and disclosure rules.

Form-of-the-Week: Further Encumbrance Consent, and Note Enforcement Provisions — Forms 410 and 418-5

by Amy Platero | Dec 21, 2023 | Finance, Forms, Loan Products, Real Estate | 0

These forms are used by a prospective junior lender or carryback seller when the real estate is encumbered by an existing first mortgage containing a due-on clause, to obtain consent from the lender holding the mortgage to further encumber the property with a second mortgage, and by a loan broker or escrow officer when originating a mortgage with the lender or carryback seller, to include a guarantee, exculpatory or governing law provision in the promissory note.