A high appraisal has long stakes for homebuyers – and lenders.
The danger of high appraisals in a spiraling housing market
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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
The boundless influence of Federal Reserve policies
Learn how the Federal Reserve influences interest rates – and California real estate transactions.
Legislative steps toward more affordable housing
California’s legislature is addressing the affordable housing shortage with these recent laws.
FHA raises the mortgage limit ceiling for 2023
The FHA has increased the mortgage limits for California homebuyers in 2023.
Press Release: Buyer Purchasing Power Index ends 2022 31% below a year earlier
California homebuyers are able to borrow 31% less than a year earlier due to higher interest rates alone.
The recession is imminent — for real estate, more of 2022; Monthly Statistical Update (January 2023)
Real estate’s preview of what’s to come; Inventories rise as buyer demand dives; Jobs lost in the 2020 recession are fully recovered
May a mortgage holder enforce a late payment penalty fee calculated as a percentage of the unpaid principal balance?
Honchariw v. FJM Mortgage Fund, LLC
Mortgage Concepts: HOEPA
This Mortgage Concepts video introduces the Home Ownership and Equity Protection Act by outlining its purpose and requirements.
DFPI Bulletin Digest: December 2022
The December 2022 DFPI Bulletin focuses on new state laws for 2023, license renewal and escrow reports.
Errata & 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.
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.