The MBA’s crystal ball shows more mortgage originations in 2024 – but also a recession.
Mortgage industry sees more originations in 2024, despite also anticipating a recession
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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
May a buyer who acquires property subject to an existing mortgage which is in default reinstate the mortgage to cure the default when the lender has not called the mortgage due, refuses to accept reinstatement and starts foreclosure?
Shetty v. HSBC Bank USA, N.A.
As mortgage rates rise, so must property prices retreat; Monthly Statistical Update (November 2023)
https://vimeo.com/880610858 The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions. This month, we’re covering: ARM rates, which remain useless to buyers seeking to increase their...
Meet the MLO video course that fulfills your NMLS CE renewal needs
Your NMLS renewal just got more entertaining now that firsttuesday’s 8-hour NMLS CE Online Video course is freshly approved.
Is a private mortgage lender entitled to receive usurious interest on a non-brokered extension to a mortgage initially arranged by a broker?
In re Moon
UDAAP consumer mortgage protections extended to commercial financing
Existing regulations prohibiting unfair, deceptive, and abusive practices (UDAAP) in consumer mortgage financing now apply to the conduct of originators of commercial mortgage financing in California.
Unstable economic signals hold down new construction; Monthly Statistical Update (October 2023)
Job growth stalls; The stock market, in disregard of reality; Construction struggles to take off despite need for more housing
New law simplifies, expands Revocable Transfer on Death Deeds
AB 288 expands what type of property owners may use Revocable Transfer on Death (TOD) Deeds, and clarifies the procedure when a Revocable TOD Deed conflicts with another deed.
May a debtor in bankruptcy claim a wildcard exemption for their vested interest in a property after the debtor initially denied holding any interest in the property?
In re Guevarra