Even as California’s real estate market is stabilizing, cracks are appearing. This includes higher shares of subprime lending in 2025.
Mortgage origination volume rises in 2025 — that’s the good news
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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
The 20% solution: Personal savings rate and homeownership as agent advice
Over the last few decades, savings has followed a path conversely proportionate to consumer confidence.
Mortgage delinquencies lead to foreclosures
As delinquencies (and foreclosures) tick up in 2026, this primer will help you prepare for a shifting housing market.
Jobs move real estate
Track the single most influential factor on California’s real estate market: the number of people employed.
The distribution of California’s human resources
See how personal incomes have grown since 2000 across California’s largest regions.
Newly-licensed sales agent and broker population
This article examines the number of broker and sales agent licenses issued by the DRE from 1998-present, with forecasts about future licensing trends.
Buyer Purchasing Power Index (BPPI) inches higher in Q4 2025
Buyers today are able to borrow 2.1% more than a year earlier due to lower interest rates alone.
Using the yield spread to forecast recession and recovery conditions
The yield spread indicates the likelihood of a recession or recovery one year forward.
Real estate runs with the labor force participation rate
Brokers who watch the jobs numbers along with the LFP rate will find the trends useful for forecasting their future brokerage conditions