This Mortgage Concepts video introduces the Home Ownership and Equity Protection Act by outlining its purpose and requirements.
Mortgage Concepts: HOEPA
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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.
Newly published related content
DFPI Bulletin Digest: December 2022
The December 2022 DFPI Bulletin focuses on new state laws for 2023, license renewal and escrow reports.
Mortgage Concepts: Section 32 restrictions, Part I
Click play to review the mortgage terms and features Regulation Z prohibits in Section 32 loans.
Mortgage Concepts: Types of ARMs
This explainer video reviews common ARMs by surveying the types most popular during the Millennium Boom.
As mortgage interest rates rise, concessions return
Buyers looking to recoup lost purchasing power are dusting off old strategies to secure a more comfortable monthly mortgage payment.
Mortgage fraud is climbing in the wake of the pandemic
When the real estate market goes low, mortgage fraud goes high!
Mortgage Concepts: Reverse mortgage obligations
This video breaks down the obligations reverse mortgage borrowers need to fulfill to avoid default.
California homebuyers closing their wallets on today’s market
California homebuyers are not buying into tumbling home prices — yet.
Plunging home values and few savings leave recent homebuyers unprepared to combat negative equity; Monthly Statistical Update (December 2022)
Heading into the 2023 recession with low savings rates; Jobs falter in step with the slowing economy; Leaping FRM rates slash purchasing power, home prices