California tiered home pricing
Home prices are flatlining across California’s metropolitan areas at the end of 2023.
Read Moreby ft Editorial Staff | Oct 14, 2024 | Bay Area, Charts, first tuesday Local, Los Angeles-Santa Barbara-Ventura, Mortgages, Real Estate, San Diego | 30
Home prices are flatlining across California’s metropolitan areas at the end of 2023.
Read Moreby David Swistock | Mar 27, 2024 | Economics, Feature Articles, Mortgages, Real Estate, Recessions | 0
When does strategic default make sense for a negative equity homeowner?
Read Moreby David Swistock | Mar 25, 2024 | Fair Housing, Laws and Regulations, Mortgages, New Laws, Real Estate | 1
Calif. Health and Safety Code §50426
Amended to add subsection (c) by AB 1508
Effective date: January 1, 2024
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.
Read Moreby 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.
Read Moreby 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.
Read Moreby 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.
Read Moreby Carrie B. Reyes | Jan 2, 2024 | Laws and Regulations, Mortgages, Real Estate | 0
Several repayment provisions in the note documenting a Section 32 mortgage origination are restricted in their scope — or outright prohibited.
Read Moreby Carrie B. Reyes | Dec 18, 2023 | Feature Articles, Finance, Loan Products, Mortgages, Real Estate, Video | 0
Part 2 of this video series provides examples for how MLOs can determine whether a transaction is subject to Section 32 compliance.
Read Moreby Amy Platero | Dec 14, 2023 | Finance, Forms, Loan Products, Mortgages, Real Estate | 0
An agent or escrow officer uses these forms when a seller of property carries back an all-inclusive note and trust deed (AITD) evidencing a principal debt which includes the balance owed on an existing mortgage and a payoff demand.
Read Moreby ft Editorial Staff | Dec 14, 2023 | Charts, Interest Rates, Mortgages, Real Estate, Recessions | 40
The yield spread indicates the likelihood of a recession or recovery one year forward.
Read Moreby Carrie B. Reyes | Dec 7, 2023 | Feature Articles, Finance, Mortgages, Real Estate, Your Practice | 0
This video covers delivery of the Loan Estimate and Closing Disclosure.
Read Moreby David Swistock | Dec 7, 2023 | Finance, Laws and Regulations, Loan Products, Mortgages, Real Estate | 0
Piedmont Capital Management, LLC. v. McElfish
Read Moreby Amy Platero | Dec 7, 2023 | Finance, Forms, Loan Products, Mortgages, Real Estate | 0
These forms are used by a holder of a mortgage, their servicing agent or broker when arranging the modification of the mortgage note, to set forth the terms sought in the modification effort, to evidence the modification of the original note and state the change in terms of the note.
Read Moreby Carrie B. Reyes | Nov 27, 2023 | Finance, Interest Rates, Loan Products, Mortgages, Real Estate | 0
A consumer-purpose mortgage origination secured by the borrower’s primary residence earns a Section 32 designation based on a three-step set of APR tests.
Read Moreby Carrie B. Reyes | Nov 17, 2023 | Economics, Finance, Mortgages, Real Estate, Recessions | 0
The MBA’s crystal ball shows more mortgage originations in 2024 – but also a recession.
Read Moreby David Swistock | Nov 6, 2023 | Laws and Regulations, Loan Products, Mortgages, Real Estate, Recent Case Decisions | 0
Shetty v. HSBC Bank USA, N.A.
Read Moreby ft Editorial Staff | Oct 16, 2023 | Feature Articles, Fundamentals, Licensing and Education, Mortgages, Real Estate, Your Practice | 0
Your NMLS renewal just got more entertaining now that firsttuesday’s 8-hour NMLS CE Online Video course is freshly approved.
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