Libor, We Knew You All So Well For so many years when a Mortgage Loan Originator was asked, “What index is used for this adjustable loan?” Most of the time, the answer was LIBOR. Now there could be others such as 11th District Cost of Funds, 10 Year Treasuries, Moving Treasury Average. That was not […]
This Is Karen Bates, President Of The California Association Of Mortgage Professionals The other fellow is a person who spoke at her Annual Conference the first week of August in really beautiful Coronado. Thank you CAMPers for hosting the affair. Karen was installed as President at the function. She is owner with her husband Ken […]
Steve Duringer Is One Of The Top Eviction Attorneys In California A former student of mine years ago, he has become the guru in this area. His newsletters, websites, and booklets are great sources of information. I would like to quote a thought from one of his FAQ’s. “The disposition of security deposits on move […]
One Of The Biggest Problems For State Licensed Mortgage Loan Originators Is Using Proper Advertising You can have completely accurate ads and still violate many State and Federal Regulations. Last week, I introduced a new form to my classes. Most of them have never seen one. Of 60 students active in lending, only one had […]
New Bank Loan Regulations on Arbitration Clauses Earlier this month, Richard Cordray, Director of the Consumer Financial Protection Bureau, announced a new set of rules concerning arbitration clauses in bank loans. The new regulations would not eliminate all arbitration clauses, but it would eliminate clauses that made it impossible for victims to form class action […]
Hidden Treasure Right Under Everyone’s Noses Carole Kim is Director of Publications at Duane Gomer Education. Her mother-in-law recently passed away. Carole organized a large house full of many priced objects to be ready for an Estate sale in the beautiful city of Wildomar. One item was a painting, actually a large framed […]
To Arbitrate Or Not To Arbitrate, That Is The Question The Consumer Financial Protection Bureau has issued a new rule that would ensure consumers to bring class-action lawsuits against banks instead of being forced into private arbitration. This rule has been years in the making. It would not ban all arbitrations just those that block […]
The Rentals Are Just Growing Is it just my imagination or did the huge companies that gobbled up all the single family foreclosures and turned them into rentals have not sold very many? Sure seems like that to me. Remember the vast number of all cash offers? Where are all these mystery houses? The buyers […]
What Is A Good Legitimate Source Of Information? I am amazed how many people I encounter who do not know some basic important facts about Real Estate Law. Well, one might be the Bureau of Real Estate, a Bureau of the California Department of Consumer Affairs. According to their website this agency exists to serve […]
When I Was A Child In Central Wisconsin Many relatives would say at bedtime, “Sleep tight, don’t let the bed bugs bite.” That was not a good thing to be thinking about when you are in bed. Also, they said other times, “If I should die before I wake, I pray the Lord my Soul […]
