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Showing 49-64 of 69 results
  • Truth in Lending and RESPA

    Outline Department of Housing and Urban Development Act HUD’s Mission Federal Housing Administration Truth in Lending Act (TILA) Reg ‘Z’ Disclosures Annual Percentage Rate (APR) Loan Estimate (LE) Finance Charges Tolerances Right of Rescission Advertising Required Disclosures Mortgage Disclosure Improvement Act Amendments Fair Credit Reporting Act (FCRA) Consumer Rights Consumer Reporting Agency Obligations Bank Secrecy Act/ Anti-Money Laundering Financial Institutions Suspicious Activity Reports (SARS) Real Estate Settlement Procedures Act (RESPA) Covered Transactions RESPA Provisions Required Disclosures Loan Estimate (LE) Closing Disclosure (CD) Learning Objectives       Understand the purpose of the Truth in Lending Act...

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    $49
  • Equal Credit Opportunity Act and Other Protections

    Outline Laws Prohibiting Discrimination Equal Credit Opportunity Act (ECOA) ECOA Requirements Enforcement Disclosures Fair Housing Act Fair Housing Act Exemptions Fair Housing Violations Discrimination in Mortgage Lending Discriminatory Practices Enforcement Home Mortgage Disclosure Act (HMDA) Reg C Covered Properties Data Reporting Home Ownership and Equity Protection Act (HOEPA) High Cost Loan Triggers Prohibited Practices Required Disclosures Homeowners Protection Act (HPA) Disclosure Provisions of the HPA Gramm-Leach-Bliley Act (GLB Act) Financial Privacy Rule Safeguards Rule E-Sign Act Disclosure Provisions Patriot Act Disclosure Provisions Fair and Accurate Credit Transaction Act (FACT Act) Provisions of the FACT...

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  • Consumer Protection and Other Federal Laws

    Outline Red Flags Rule Federal Trade Commission Homeowner and Economic Recovery Act (HERA) Disclosure Provisions of the HPA Higher Priced Mortgage Loans HPML Definition Restrictions Dodd-Frank Wall Street Reform and Consumer Protection Act Bureau of Consumer Financial Protection Homeownership counseling Qualified Mortgage Rules Ability to repay Loan Officer Compensation Rules Originator Qualifications TILA-RESPA Integrated Disclosures (TRID) Loan Estimate Definition of a “Loan Application” Change of circumstances Disclosures General Predatory Lending Laws And UDAAP Learning Objectives          Understand the purpose of the Red Flag Rules.    ...

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  • FHA Loan Programs

    Outline Federal Housing Administration (FHA) Insured Loans Mutual Mortgage Insurance Fund FHA Underwriting Standards Property Guidelines for FHA Loans FHA Loan Regulations Mortgage Insurance Premium Seller Contribution Limits Prepayment Penalties FHA Loan Programs Learning Objectives       Identify standards for FHA-insured loans.       Define upfront mortgage insurance premiums.       Discuss loan options available through the FHA.       Identify standards for VA-guaranteed loans.       Define eligibility and entitlement for veterans.       Identify guaranteed...

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  • VA and USDA Loans

    Outline VA-Guaranteed Loans Loan Limits for VA Loans Borrower Guidelines for VA Loans Qualifying Standards Property Guidelines for VA Loans Entitlement VA Loan Regulations VA Loan Programs Comparison of FHA and VA Qualifying Standards USDA Rural Development Programs Section 502 Loans Learning Objectives       Understand Loan Limits for VA Loans       Understand Borrower Guidelines for VA Loans       How to apply Qualifying Standards       Understand the Property Guidelines for VA Loans       Know what an Entitlement is       Understand VA...

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  • Non-QM and Adjustable Rate Loans

    Outline The Use of Nontraditional Mortgage Products Interagency Guidelines Guidance on Nontraditional Mortgage Products Statement on Subprime Mortgage Lending Predatory Lending Subprime Loans Assessing Risk Adjustable Rate Mortgages (ARMs) How ARMs Work ARM Standardization ARM Disclosures ARM Programs Seller Financing Purchase Money Mortgage Assumption Seller-Sponsored Wraparound Financing Purchase Money Second Mortgage Land Contracts Land Contract with Assumption of an Existing Mortgage Other Forms of Creative Financing Lease/Options Lease/Purchases Equity Exchanges Participation Plans Homebuyer Assistance Programs Learning Objectives       Demonstrate knowledge of...

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  • Other Non-Traditional Products

    Outline Interest Only Loans Participation Plans Negative Amortization Loans Other ARM Provisions Structured Mortgages Reverse Mortgages Construction Financing Learning Objectives       Demonstrate knowledge of interest only loans       Identify characteristics of negative amortization loans       Identify and define other provisions of ARMS       Understand other type of loans       Learn calculations for ARM interest rate and payment adjustments       Understand how consumers can be harmed by products Teaching Methods: PowerPoints, Video PowerPoint Presentation and Optional Quiz

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  • Real Estate Appraisals

    Outline Real Estate Appraisal  Appraisal Approaches Uniform Standards of Professional Appraisal Practice (USPAP) The Uniform Residential Appraisal Report (URAR) Characteristics of Real Estate Value Characteristics Physical Characteristics Property-Specific Factors Affecting Real Estate Value Economic Factors Affecting Real Estate Value Defining Market Value Making Land More Valuable Assemblage and Plottage Value of Frontage The Sales Comparison Approach Substitution and the Typical Buyer Adjusting Comparable Sales Limits on Adjustments Sequence of Adjustments Researching the Sale and Transfer of Properties Transfer History of...

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  • Finance Instruments

    Outline Finance Instruments Promissory Notes Negotiable Instruments Security Instruments Trust Deeds Mortgages Judicial Foreclosure Procedure Typical Clauses in Finance Instruments Acceleration Clause Alienation Clause Defeasance Clause Partial Release, Satisfaction, or Conveyance Clause Prepayment Clause Subordination Clause Other Mortgage Clauses and Covenants Types and Features of Mortgages Purchase Money Mortgage Cash-Out Mortgage Refinance Mortgage Home Equity Loan, Home Equity Line of Credit Blanket Mortgage Bridge Mortgage Graduated Payment Mortgage (GPM) Open-End Mortgage Package Mortgage Reverse Mortgage Equity Participation Mortgage...

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  • Ethical and Legal Considerations

    Outline Ethical and Legal Considerations National Association of Mortgage Brokers Code of Ethics Ethics in Advertising Discrimination Protected Classes Prohibited Practices Other Types of Discrimination Disclosure and Privacy Truth in Lending Act (Regulation Z) TRID Disclosures Learning Objectives       Understand Ethics and the purpose of codes of ethics       Understand how business ethics applies to mortgage origination.       Learn how to identify ethical situations.       Identify the various anti-discrimination laws       Know the federal...

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  • Mortgage Fraud and Predatory Lending

    Outline Ethics and Mortgage Fraud Fraud and Conspiracies Fraud for Profit Housing Fraud Red Flags of Mortgage Fraud Transaction Fraud Fraud Participants  Appraisal Independence Flipping Other Types of Mortgage Fraud Penalties for Mortgage Fraud Excessive Fees Common Predatory Lending Ploys Predatory Lending Excessive Fees Common Predatory Lending Ploys Indicators of Predatory Lending Anti-Predatory Lending Laws Consumer Protection for High Cost Loans Learning Objectives       Understand the meaning of fraud       Understand the different types...

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  • Fundamentals Case

    Outline  Objectives Teaching Methods:  

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  • Interests in Real Property

    Outline Deeds Requirements of a Valid Deed Warranty Deeds Deeds without Warranties Evidence of Marketable Title Public Records Notice Chain of Title Race Notice Rule Marketable Title Act Title Insurance Types of Title Insurance Policies American Land Title Association (ALTA) Abstract of Title Forms of Ownership Ownership in Severalty Co-Ownership Possessory Interests in Property Freehold Estates Leasehold Estates Ownership by Organizations Sole Proprietorship Partnerships. Corporations Condominiums, Cooperatives, and Townhomes Non-Possessory Interests: Easements Types of...

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  • Ethics and RESPA

    Outline Ethics and RESPA Real Estate Settlement Procedures Act (RESPA) Section 8 Kickback Prohibition  Ethics and Protection of Data Gramm-Leach-Bliley Act Fair Credit Reporting Act and the FACT Act Learning Objectives       Understand the requirements about RESPA       Know about Ethics and the protection of data       Understand how ethics is related to Fair Credit Reporting Teaching Methods: PowerPoints, Video PowerPoint Presentation and Optional Quiz

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  • Financing Insurance Requirements

    Outline Private Mortgage Insurance (PMI) How Mortgage Insurance Works PMI Premiums PMI Cancellation Secondary Financing Combined Loan-to-Value (CLTV) Conditions Lender First and Lender Second Repayment Methods on Second Mortgages Assumption of Conventional Loans Other Insurance Requirements Conventional – Private Mortgage Insurance (PMI) FHA – Upfront Mortgage Insurance (UFMIP) FHA – Monthly Insurance Premium (MIP) Homeowner’s (hazard) insurance Flood insurance HO6 condominium insurance Content insurance Forced Placed insurance Learning Objectives       Understand the Lender...

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  • Credit History and Loan Closing

    Outline Credit Reports and Scores Credit Repositories Consummation  Consummation Closing Disclosure Clearing Title Conditions Settlement Reconciliation Down payment Reserves Third Party Verification Gifts Proration and Expenses Calculating Per Diem Interest Purchase Transactions Final Closing Disclosure CD issued 3 days prior to closing Refinance Transactions Right of Rescission Learning Objectives CREDIT       Understand Fair Credit Reporting Act governs credit       Learn about the Fair and Accurate Credit Transaction Act       Identify credit...

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