The buyer purchasing power index continued to fall in Q3 2018.
Press release: Buyer purchasing power index plummets in Q3 2018
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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
Rising interest rates drag down refinances; Monthly Statistical Update (October 2018)
Key short-term rate rises; ARM rates inch higher; Fewer refinances going forward
May a homeowners’ association (HOA) collect assessments from an owner after the owner files for bankruptcy?
Goudelock v. Sixty-01 Association of Apartment Owners Facts: A property owner buys a condominium unit secured by a mortgage and subject to monthly homeowners’ association (HOA) assessments. The owner experiences financial difficulties and stops paying the HOA...
Freddie Mac loosens requirements for Home Possible Mortgage program
Freddie Mac is consolidating two mortgage programs and broadening mortgage access.
More one-person households buying homes
More singles are striking out on their own to become homeowners.
California-sponsored PACE program struggles with tax problems
Designed with noble intentions, Property Assessed Clean Energy (PACE) programs are actually causing more harm than good to homeowners.
Jobs, home sales, agents – peaked or not quite; Monthly Statistical Update (September 2018)
Jobs move real estate; Sales agent licensing and home sales volume move in tandem; Sales agent licensing and renewals to slip
Rising Baby Boomer and young adult populations look for home; Monthly Statistical Update (August 2018)
California’s growing population in search of housing; Homeownership strongest among older generation; First-time homebuyer population rises, homeownership remains down
Home prices run away from incomes, for now
Today’s volatile relationship between incomes and home prices is ripe for a correction.