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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.
Recent updates to the course e-book
- 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.
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.
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California tiered home pricing
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Form-of-the-Week: Escrow instructions, and beneficiary statement — Forms 401 and 415
An agent or escrow officer uses RPI Form 401 when preparing instructions to open a purchase escrow with an escrow officer, and RPI Form 415 when escrow requests mortgage information from a mortgage holder regarding their lien on a property to confirm the terms of the debt or obtain a payoff demand.
California’s for-sale inventory growth: buyer caution rises faster than owner need to sell
In early 2026, low-tier priced housing has the lowest level of inventory available for sale or rent.
Federal guidance pushes MLOs to weigh applicant immigration status
Federal guidance now encourages MLOs to discriminate based on immigration status. How does that impact MLO practice in California?
California’s low homeownership rate to continue
California’s homeownership rate ballooned during the Millennium Boom, but quickly fell to today’s stable level of 55%.
California price-per-square-foot analysis
Want a deeper understanding of your local real estate market? These charts show the price-per-square-foot history of home sales in communities across California.
Sacramento County housing indicators
Get to know Sacramento County’s local housing fundamentals in these charts and forecasts.