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 'Interest Rates'
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
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 LOAN DISCLOSURE RULES MAY CAUSE ESCROW DELAYS
July 27th, 2009 · No Comments
Under new rules adopted by the Federal Reserve Board, beginning July 30, 2009, mortgage lending will be subject to expanded disclosure requirements. This may well be a good thing. However, until everyone gets used to it, it also may cause occasional delays in closings. First, some background.
 Â
More than a few times home purchasers have been […]
Tags: Mortgage Disclosure Improvement Act · Origination Fee · Nominal Rate · Regulation Z · Truth in Lending Act · Good Faith Estimate · RESPA · Note Rate · Interest Rates · Mortgage Funding · Mortgage Lending · Bob Hunt · Federal Reserve Board · Home Buyers · Annual Percentage Rate · Loan Fees · Disclosure