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Confused by the mortgage lending regulatory lay of the land in California? Get in line.
California lending comes with a whole host of confusing regulations, licenses, and more. Unlike most of the country, California regulates mortgage lenders through its Department of Real Estate (DRE) AND the Department of Financial Protection and Innovation (DFPI). Beyond licensing and regulators, California regulates far more than almost any other state including complex usury laws, regulations on loan sales, table funding restrictions, complex late charge restrictions, limitations of interest charges, and a series of other potential landmines for mortgage lenders. In one succinct presentation we will provide you the tools necessary to understand how to make loans in California without accidentally shooting yourself in the foot in the process.
In this webinar, you will learn:
This webinar discussed REITs and other tax preferential strategies for real estate and mortgage funds. We’ll discuss the core benefits of REITs, the specific ongoing compliance needs, and the ongoing obligations to manage day-to-day issues including loan sales, foreclosures, and property sales. We’ll also discuss the outlook for the Tax Cuts & Jobs Act as 2025 approaches.
Lender Lounge with Kevin Kim hosted a special livestream featuring industry legends Daren Blomquist, VP of Market Economics at Auction.com and Rick Sharga, Executive Vice President at ATTOM.
Watch the recording of May 18th LIVE episode below and hear these industry leaders’ thoughts on housing demand, build to rent, interest rates, inflation, and everyone’s favorite doomsday question: is a recession coming?
SB-1079, through its changes to the non-judicial foreclosure process, brought significant opportunity (and new risks) to potential homeowners and entities alike. The bill, signed into law in California at the start of 2021, opened the door for various Litigation concerns to crop up for lenders and litigators alike in 2022 and beyond.
2022 is shaping out to be another strong year for the mortgage industry. But, lenders should always be prepared for loans that don’t pan out the way they are supposed to, and should be ready to jump in with the proper steps to work out loan defaults when borrowers are in trouble. Geraci’s team of experts is always available to provide guidance and strategy on how to manage loan defaults with discipline and proactivity. We will also break down the essential components of well written agreements to keep lenders out of future litigation.
