The trend for state-licensed MLOs is down in 2024.
Nationally MLOs are far fewer in 2024; CA DRE MLOs increase, DFPI MLOs decrease
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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
BPO series: Trust deeds, liens and the due-on clause
Rational judgment by buyers and tenants is returning
FHA delinquencies rising on pandemic forbearance arrangements
What are the consequences of delinquency in pandemic-era forbearance arrangements?
The rise and fall of real estate brokers and agents
This article analyzes the historical population of active DRE licensees, with discussions and forecasts about future licensing trends.
MIP, PMI or neither?
Which is better for first-time homebuyers reliant on mortgage insurance: MIP or PMI?
Foreclosed out homeowners not to be contacted for 90 days regarding surplus funds
An owner entitled to surplus funds remaining from the foreclosure sale of their residence are chased by individuals attempting to make claim on the surplus funds. Now these surplus fund chasers are barred from contacting the owners for 90 days after the trustee’s deed is recorded to better protect California homeowners in a vulnerable position.
Santa Clara County regional housing indicators
Santa Clara’s housing market is experiencing the downfall from 2021’s pandemic bounce.
Sacramento County housing indicators
Get to know Sacramento County’s local housing fundamentals in these charts and forecasts.
San Diego housing indicators
View these charts for current activity and forecasts for San Diego’s housing market.