Category Archives: California Real Estate

Cash Sales Drop to Lowest Point Since Crash

Cash sales drop to 34% of all home sales in April 2015 By Jeff Sorg, OnlineEd Blog, July 29, 2015 Irvine, CA. – Cash sales made up 33.7 percent of total home sales in April 2015, which is down from 37.4 percent in April 2014, according to the Core Logic July 2015 Market Pulse publication. Cash sales have […]

HUD and Census Bureau Report New Residential Sales in June

Home supply at just 5.8% months By Jeff Sorg, OnlineEd Blog, July 28, 2015 WASHINGTON, D.C. – Sales of new single-family houses in June 2015 were at a seasonally adjusted annual rate of 482,000 uints, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the Census Bureau. This […]

Housing Prices Reach Near Pre-Crash Levels

The U.S. index is only 1.8 percent below its March 2007 peak By Jeff Sorg, OnlineEd Blog, July 27, 2015 Washington, D.C. – U.S. house prices rose in May, up 0.4 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). The previously reported […]

NMLS to Send Annual CE License Notice to MLOs on July 15

NMLS to place a license item on MLO licenses not yet compliant with 2015 Continuing Education (CE) (Jeff Sorg, OnlineEd) – On July 15, 2015, NMLS will place a license item on every state MLO license not yet compliant for Continuing Education (CE) in 2015. The purpose of the license item is to remind individuals that they […]

Millennials Willing to Sacrifice Starbucks Visits To Finance Home Purchase

Millennials are ready to give up some conveniences in order to finance a home purchase (Washington DC, July 14, 2015) — A majority of millennials (ages 24-34) are willing to sacrifice modern day conveniences like cell phones, internet, cable and Starbucks in order to save for a down payment on a home. A new survey from […]

Equifax Reports First Quarter Mortgage Origination Balance Hits $466 Billion

Equifax report –  First quarter mortgage originations soar! (Jeff Sorg, OnlineEd) – According to the Equifax National Consumer Credit Trends Report, total mortgage origination balances hit $466 billion in the first quarter, a 74.4% increase from the same time a year ago. These are  a few key takeaways from the report: First mortgages led the growth, […]

CFPB Publishes Consumer Complaint Narratives About Financial Companies

The Consumer Financial Protection Bureau (CFPB) has published its enhanced public-facing consumer complaint database  (Jeff Sorg, OnlineEd) – In June 2012, the CFPB launched its Consumer Complaint Database, which is the nation’s largest public collection of consumer financial complaints. In March 2015, the Bureau finalized a policy to empower consumers to publicly share their stories when they submit […]

OnlineEd Releases New 2015 NMLS Course for Dual Real Estate and Mortgage License Continuing Education

OnlineEd is awarded dual California BRE and NMLS approval for its new 2015 NMLS continuing education course (Jeff Sorg, OnlineEd)  – OnlineEd today received California Bureau of Real Estate (BRE) approval for its all-new-for-2015 NMLS approved continuing education course. This makes the course offering available for 8 hours or NMLS license renewal AND 8 hours […]

CFPB Moves TRID Implementation to October 3rd

CFPB issues proposed amendment to move TRID implementation date from August 1, 2015 to October 3, 2015 BREAKING NOW – – – (Jeff Sorg, OnlineEd)  – The Consumer Financial Protection Bureau (CFPB) today issued a proposed amendment to the Know Before You Owe mortgage disclosure rule, which proposes to move the rule’s effective date to October 3, 2015. […]

CFPB Proposes to Delay TRID Until October 3, 2015

The CFPB will be issuing a proposed amendment to delay the effective date of the Know Before You Owe rule until October 3, 2015  DEVELOPING STORY – – –   (Jeff Sorg, OnlineEd) – Consumer Financial Protection Bureau (CFPB) Director Richard Cordray issued the following statement on the Know Before You Owe mortgage disclosure rule: […]