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California Mortgage Lending
Learn the core concepts of consumer and business mortgage lending and brokering.
Stay current on the latest news, videos, forms, and updates for California Mortgage Lending.
Latest Articles
Renting and owning across counties
Homeownership and rental vacancy rates decline across California. Are rentals the future of real estate?
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California home sales volume lays low
Home sales volume is expected to continue its decrease in 2020.
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Interest rates at their historic bottom and looking ahead to the LIBOR’s retirement; Monthly Statistical Update (January 2021)
Fixed rate mortgages continue on toward new lows; Interest rates hold onto their cyclical bottom; The LIBOR is going, going…
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Foreclosure moratorium expiration looms — what then?
When the foreclosure moratorium ends, servicers may begin or resume the foreclosure process, unless homeowners are in a forbearance program.
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2020 in review and a forecast for 2021
This article digests the major housing developments that occurred in 2020 and details firsttuesday’s forecast for 2021.
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Jobs move real estate
California’s employment market finally reached a full recovery in 2019, only to plunge in 2020.
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In California, where down payments are highest, homeownership is lowest
Low loan-to-value ratios (LTVs) aren’t necessarily a good thing.
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Mortgage credit availability inches higher following 2020’s steep decline
The Mortgage Credit Availability Index (MCAI) is 30% below pre-pandemic levels.
read moreErrata & Updates
- Chapter 3: The Agency Law Disclosure. The updated statutory Agency Law Disclosure and confirmation provision went into effect the beginning of 2019. Both the content of the form and when it is to be used have been modified. Further, prior printings indicate the Agency Law Disclosure is not required on a lease with a term exceeding one year. However, lease transactions greater than one year are targeted transactions requiring the disclosure. For a thorough analysis of the new disclosure and confirmation practices, see the digital eBook version of the book.
- Chapter 72: Home mortgage interest deductions. The definition for principal residence on page 472 is partially obscured. It should read “The residential property where the homeowner resides a majority of the year.”
- Quiz 3 Question 3 has been simplified to read:
California anti-discrimination law is enforced by:
a. the Department of Business Oversight (DBO).
b. the Department of Fair Employment and Housing.
c. the Department of Housing and Urban Development (HUD).
d. Fannie Mae.