California Real Estate

NMLS License Renewals Off to Strong Start

| December 8, 2015

Submitting renewal requests in early December significantly reduces the likelihood of a NMLS license being terminated on January 1, 2016 By Jeff Sorg, OnlineEd Blog (December 8, 2015) –  The 2016 renewal period for the Nationwide Multistate Licensing System (NMLS) is off to a strong start, with renewal approvals up from last year.  NMLS announced that …

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Judge Says Gov. Brown and Legislature Illegally Raided Homeowners Fund

| June 16, 2015

(Jeff Sorg, OnlineEd) SF Gate is reporting that a judge has ruled Gov. Jerry Brown and the Legislature illegally raided a state fund that was created to help distressed homeowners and took $331 million to balance the budget. The article alleges that money was taken from a fund that contained California’s share of a $5 …

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Green Home Building Continues to Climb, Valued at $36 Billion in 2013

| February 12, 2014

(National Association of Home Builders) – February 4, 2014 – McGraw Hill Construction, a part of McGraw Hill Financial (NYSE: MHFI), today released findings from a new Green Home Builders and Remodelers Study at the National Association of Home Builders (NAHB) International Builders’ Show in Las Vegas. Green homes comprised 23% of the overall residential construction …

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CFPB Takes Action Against Castle & Cooke for Paying Employees to Steer Consumers into Expensive Mortgages

| July 30, 2013

The CFPB alleges that the company violated the rule with its quarterly bonus program, which paid more than 150 Castle & Cooke loan officers greater bonus compensation when they persuaded consumers to take on more expensive loans. The average quarterly bonus ranged from $6,100 to $8,700. By contrast, those loan officers who did not charge consumers higher interest rates did not receive quarterly bonuses. The CFPB estimates that more than 1,100 illegal quarterly bonuses were paid and that tens of thousands of customers may have been upsold since April 2011.

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Free List of Mortgage Abbreviations and Acronymns

| May 30, 2013

(Jeff Sorg, OnlineEd) – Is your CAN-SPAM in compliance with your GENESYS or are they both in need of PEP? Don’t be confused by all the mortgage abbreviations and acronyms being tossed around today! OnlineEd has put together a list of the most commonly used mortgage industry abbreviations in this free PDF.  ### If you have questions or …

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Education Course Monitoring and Licensee Auditing

| May 9, 2012

(OnlineEd) – The California DRE’s Education Section is the body that monitors education real estate continuing education course providers. The course provider receives a unique course number from the DRE once the course is approved for continuing education. The course provider then gives these course approval numbers to licensees who complete the courses and associated final …

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Enforcement Agencies Continue To Fight Loan Modification, Mortgage Relief, and Foreclosure Rescue Scams

| December 23, 2011

Consumers warned not to pay upfront fees, and victims urged to file complaints (SACRAMENTO, California Department of Real Estate) – The California State Department of Real Estate (DRE) and other law enforcement agencies have alerted and continue to warn consumers to be wary of promises for loan modification, mortgage relief, and foreclosure rescue as scammers continue …

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California Department of Real Estate Approves OnlineEd 8-Hour Mortgage Loan Originator Course

| July 19, 2011

(OnlineEd®) – The OnlineEd Mortgage Loan Originator (“MLO”) 8-hour NMLS approved continuing education course was approved by the NMLS for MLO continuing education sometime ago, but what you may not know is that it is also approved by the California Department of Real Estate for real estate license renewal. The approved course now allows licensees …

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OnlineEd Offers MLO Continuing Ed at CAMP Convention

| July 13, 2011

  (OnlineEd) – It’s time for Summer Camp! The California Association of Mortgage Professionals annual trade show will be happening in San Jose, CA on August 4-5, 2011.  The two-day event will include continuing education to cover both NMLS and California Department of Real Estate requirements.  The OnlineEd continuing education courses are approved by NMLS and …

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New Rules for California Real Estate Continuing Education

| January 4, 2011

Effective January 1, 2011 the California Department of Real Estate has new guidelines for continuing education for license renewal. All California approved online continuing education providers are required to implement these changes. Some of the changes that are mandatory for ALL California continuing education providers are:

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