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.
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Mortgage Concepts is a recurring video series covering best practices and compliance...
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Downpayment Toward Equity Act of 2021 One of President Joe Biden’s campaign promises was to help...
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The dual crises of the COVID-19 pandemic and 2020 recession threatened a rise, if not surge, in...
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The Adverse Market Refinance Fee has been delayed until December 2020, and interest rates sigh in relief.
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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.
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Use these charts to compare the average ARM rate with the 30-year FRM rate.
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Editor’s note — The California Department of Business Oversight (DBO) supervises, licenses and...
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What will happen when the LIBOR expires in 2021?
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The trend for state-licensed MLOs is down in 2019.
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The FHA is now processing approvals for individual units in unapproved projects.
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Some noteworthy mortgage data is now available from the Home Mortgage Disclosure Act (HMDA).
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The Home Ownership and Equity Protection Act (HOEPA) protects consumers against potential abuses in connection with high-cost home loans.
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Cash-out refinances on FHA mortgages will need a minimum of 20% equity.
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A review of the July 2018 DBO Bulletin.
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How does the controversial sanctuary state law help California real estate agents?
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The number of VA-guaranteed mortgages spiked during the 2008 recession and have only grown in popularity.
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This video reviews the rules governing appraiser independence under the Truth-in-Lending Act, including prohibitions of conflicts of interest and deliberately inaccurate evaluations.
Read MoreThis 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.
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Low- and moderate-income homebuyers now have more financing options when buying a manufactured home.
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