Since my last newsletter Duane Gomer, Inc. has presented many successful Mortgage Loan Origination full-day Exam Crash Courses throughout California. Our material is designed to prepare MLO exam prospects to pass both the National and State Exams.
To date, we have not heard of anyone failing the State Exam but many long time loan brokers who did […]
Entries Tagged as 'Mortgage Loan Originators'
MORTGAGE LOAN ORIGINATION EXAM INFORMATION
May 28th, 2010 · No Comments
Tags: Mortgage Loan Originators · California Association of Realtors · New Laws In 2010 · Loan Origination · MLO · NMLS · FICO Scores · FICO · California Department of Real Estate · Calif. Dept. of Real Estate · DRE · Duane Gomer · Interest Rates · DRE Regulations
CALIFORNIA DRE MORTGAGE LOAN ORIGINATORS
March 9th, 2010 · No Comments
There is good news for California DRE licensed MLO’s. In fact, I think it is awesome news for you. Basically, you do not have to take the expensive 20-hour pre-license course. You do have to register with NMLS and pay a small fee but no time consuming costly course is needed.
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The bad news – We […]
Tags: Mortgage Loan Originators · NMLS · MLO · California Association of Realtors · FICO · Paul Scheper · Duane Gomer · DRE Regulations
LOAN MODIFICATION PROGRAM ISN’T ON TRACK YET
January 24th, 2010 · No Comments
It would be unfair to say that the Obama administration hasn’t been trying to restore the health of the housing market. Unfortunately, it would be inaccurate to say that its programs are having much success. The loan modification program is a worrisome case in point.
On February 18, 2009 the Treasury Department announced the Homeowner Affordability […]
Tags: Mortgage Servicing · Freddie Mac · Loan Modifications · Distressed Homeowners · Home Affordable Modification Program · Mortgage Loan Originators · Fannie Mae · Mortgage Funding · Mortgage Lending · Bob Hunt · Lending · Loan Processing · Mortgage Application · Foreclosures
NEW RULES FOR MORTGAGE LOAN ADVERTISING
January 17th, 2010 · No Comments
A recent memo from the legal department of the California Association of Realtors® has brought to our attention some changes in rules for advertising mortgage loans. “The Federal Reserve Board has adopted, under TILA [Truth in Lending Act] Section 129(l)(2), 15 U.S.C. 1639(l)(2), rules to prohibit the following seven deceptive or misleading practices in advertisements […]
Tags: California Association of Realtors · Interest Rates · Advertising · Truth In Advertising · New Laws In 2010 · Mortgage Loan Originators · Annual Percentage Rate · Misrepresentation · Mortgage Lending · CAR · Lending · Mortgage Funding · Mortgage Servicing · Bob Hunt
New California Laws Effecting Real Estate Professionals
October 23rd, 2009 · 1 Comment
Many, many, many new bills were signed into law by our Governor this month. Following is a quick list. If you would like more information on any bill, go to www.leginfo.ca.gov.
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SB 94 – Effective Oct. 11, 2009: No more Advance Fees on Loan Modifications.
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AB 957 – Effective Oct. 11, 2009: REO Buyers can select escrow & title.
Tags: Mortgage Loan Originators · Reverse Mortgages · New Laws in 2009 · New Laws In 2010 · Appraisals · Duane Gomer · State Legislation · Mortgage Lending · Loan Modifications · REO's