On September 29, 2020, the Department of Business Oversight was renamed the Department of Financial Protection and Innovation. You might remember that before the DBO name was established, the Department was known as the Department of Corporations for many decades. The DFPI regulates many services in California. According to Wikipedia: “The DFPI protects California consumers and […]
When it comes to choosing a mortgage, the loan term is one of the most critical decisions a borrower must make. While 30-year mortgages are the most popular choice in the U.S., 15-year mortgages have gained significant attention for their unique advantages. If you’re considering a home loan, understanding the benefits of a 15-year mortgage […]
MLO License Renewal In California. Top 10 Questions & Answers MLOs Should Know About CE, Renewals & Staying Active
Another outstanding article by Jonathan Lansner, an award-winning business columnist for the informative Southern California News Group. I read him in the Orange County Register. You can also read Jonathan in the LA Daily News (known to Boomers as the Green Sheet), Press-Enterprise, The Sun, Daily Breeze, San Gabriel Valley Tribune, Press- Telegram, Pasadena Star-News, […]
Adjustable Rate Mortgages: Misunderstood, Misused… and Sometimes the Smartest Loan Choice
Jim Eszlinger of First California Lending is a most valued instructor for DGE. He has been teaching MLO CE courses since the beginning in 2010. Our students love him, and so does our staff. When he speaks, I listen. Jim recently sent me an alert about an important new congressional Bill, HR 2808. His email […]
Thinking of buying a home? You’ll want to understand the difference between being pre-qualified and pre-approved. Knowing this could save you so much time, money, and worry. Before starting your home search, you have to decide on a price range. More importantly, you have to find out what a lender thinks is your price range. […]
Installment lender: One Main Financial of Evansville, IN was ordered to pay $10 million to customers and another $10 million in penalties for failing to refund interest charged and selling add-on products. (more…)
There are many benefits to brokering VA loans. These are nice people and should be assisted in getting housing. The benefits of these loans are vast, but here are ten: No Down Payment Required for VA LoansFunding Fee Flexibility With a VA MortgageVA Mortgages Do Not Require Private Mortgage Insurance (PMI)Limits on Closing Costs and Other […]
Complaints One of the big responsibilities of the Consumer Financial Protection Bureau is to hear complaints from consumers. In the 21 months ending September 2021 they heard over 700,000 complaints against Equifax, Experian and TransUnion. This is 50% of all complaints received. Obviously consumers are not satisfied with the trio. In 2021 those companies reported […]
