Loan Products | firsttuesday Journal

Rising rates bring back seller financing

by ft Editorial Staff | May 9, 2022 | Finance, Interest Rates, Loan Products, Real Estate, Your Practice | 0

As credit availability tightens thanks to rising interest rates, loan approvals become more elusive. But seller financing presents a back-door to homeownership.

MLO Mentor: The MARS Rule

by ft Editorial Staff | Apr 1, 2022 | Feature Articles, Loan Products, Mortgages, Real Estate, Your Practice | 0

This article discusses the Mortgage Assistance Relief Services (MARS) rule

MLO Mentor: The Home Mortgage Disclosure Act, Part II

by ft Editorial Staff | Mar 14, 2022 | Feature Articles, Finance, Fundamentals, Laws and Regulations, Loan Products, Mortgages, Real Estate, Your Practice | 0

This article discusses the different thresholds that trigger Home Mortgage Disclosure Act (HMDA) data collection and reporting.

Mortgage Concepts: Common mortgage fraud schemes, Part 3

by ft Editorial Staff | Mar 4, 2022 | Loan Products, Mortgages, Real Estate, Video, Your Practice | 0

This video finishes our discussion regarding common mortgage fraud schemes mortgage loan originators are likely to encounter in their business.

MLO Mentor: Appraisal independence

by ft Editorial Staff | Feb 25, 2022 | Feature Articles, Loan Products, Mortgages, Real Estate, Your Practice | 0

MLO Mentor is an ongoing series covering compliance best practices for mortgage loan originators...

Mortgage Concepts: Common mortgage fraud schemes, Part 2

by ft Editorial Staff | Feb 25, 2022 | Feature Articles, Loan Products, Mortgages, Real Estate, Video, Your Practice | 0

This video continues discussing common mortgage fraud schemes mortgage loan originators are likely to encounter in their business

Mortgage Concepts: Common mortgage fraud schemes, Part 1

by ft Editorial Staff | Feb 18, 2022 | Feature Articles, Loan Products, Mortgages, Real Estate, Video, Your Practice | 0

This video discusses common mortgage fraud schemes mortgage loan originators are likely to encounter in their business.

MLO Mentor: The Equal Credit Opportunity Act

by ft Editorial Staff | Feb 14, 2022 | Feature Articles, Loan Products, Mortgages, Real Estate, Your Practice | 0

MLO Mentor is an ongoing series covering compliance best practices for mortgage loan originators...

MLO Mentor: The eligible non-borrowing spouse

by ft Editorial Staff | Feb 4, 2022 | Feature Articles, Loan Products, Mortgages, Real Estate | 0

This article discusses HECM loans and the eligible non-borrowing spouse.

MIP, PMI, or neither?

by ft Editorial Staff | Feb 3, 2022 | Charts, Loan Products, Real Estate | 2

This chart compares the costs and benefits of default insurance demanded by lenders on mortgages with LTVs exceeding 80%, and suggests the optimal financing path for homebuyers.

MLO Mentor: Section 32 coverage tests

by Bethany Correia | Dec 6, 2021 | Finance, Laws and Regulations, Loan Products, Mortgages | 0

This MLO Mentor guide helps you quickly identify when a loan falls under Section 32 requirements....

LIBOR phase out begins on December 31, 2021. Are you ready?

by Carrie B. Reyes | Dec 6, 2021 | Economics, Finance, Loan Products, Real Estate | 0

As LIBOR’s demise quickly approaches, the Secured Overnight Financing Rate (SOFR) is the backup rate of choice.

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.