The DRE provides many outstanding publications for consumers, licensee, and sub-dividers. There is one very important one for MLO’s. It is #RE7, and was just revised in May 2019. The sub-title is “Assists the real estate broker who engages in mortgage loan activities with assessing compliance with DRE requirements.” English translation: Save a license, it […]
Did you know that your regulator published a monthly review? Articles include topics that they think are important to you. Know what you should know: dbo.ca.gov/monthly-bulletins/
Some experts think the Federal Reserve Bank of New York Secured Overnight Finance Rate has the best chance of being the replacement. Why replace it? The London Banks lied. It is scandal-plagued. Something must be done by the end of 2021. LIBOR is to be phased out by then. It will be interesting to see […]
I said then and I will say it now, “This is not going to happen.” Director Mulvaney did not understand the situation. Kathy Kraninger ditched the idea the day she came in. Estimates of the costs for the government to change their site and for lending companies to change their files would be millions and […]
The Government had the opinion that certain lenders were “refinancing” VA loans too often, and the loans were not always in the “Best interest of the Veterans.” They wrote some new regulations. Now, when you make VA loans, you have to be familiar with the terms “Net Tangible Benefit, Loan Fees, LTV Ration Loan Seasoning, Disclosures, […]
Someone the other day asked me “How do I explain these loans to a client?” There is an excellent article a few days old that asks an outstanding question. “Who needs a proprietary reverse mortgage not the usual HECM.” Answer: A homeowner of an expensive home who wants more money out with no payments. Here is […]
On Season The basketball season is over. It finally ended halfway thru June. Good to see the underdog win this year and yea for Canada. Off Season Now the off season begins in earnest. Already the LAKERS have gone big and arranged a trade for Anthony Davis. They did mortgage the future a little. As […]
LIVE Courses Our Company Specializes In LIVE Courses To Become A Real Estate Salesperson Or Broker, A Mortgage Loan Originator, Or A Notary. We also have LIVE courses to renew all of these licenses. We offer courses only in California, so we know the territory much better than out-of-state companies. FIRST QUESTION: WHY TAKE LIVE? 1. Pass AnyExam On […]
Winners and Losers Gary Woodland wins the US Open at Pebble Beach. Brooks Koepka does not win his third open in a row and Tiger finishes down the line. I was in Las Vegas the week before the Open and happened to be in a Sports Bar picking up some Clemson earnings from New Years. […]
How It Works Instead of tuition Lambda School of the Bay Area charges a cut of future earnings. They teach information technology skills online, charge zero tuition, and offer stipends to select students. The deal is that students pay back 17% of their first two years income if the earnings exceed $50,000.00 with a maximum […]
