CA Finance Sample Index

Lesson One
Nature and Cycle of California Real Estate Finance

  Important Terms

•  allodial system
•  avulsion
•  bill-of-sale
•  bundle of rights
•  chattel
•  collateral
•  concurrent ownership
•  condemnation
•  condominium
•  deed
•  deed of trust
•  disintermediation
•  English Common Law
•  eminent domain
•  encumbrance
•  equitable title
•  fee simple absolute
•  FIRREA
•  freehold estate
•  hereditaments
•  hypothecation
•  land contract
•  leasehold estate
•  legal title
•  leverage
•  lien
•  mortgage
•  personal property
•  police powers
•  Roman Civil Law
•  real property
•  secondary mortgage market
•  security agreement
•  Tax Reform Act of '86
•  thrifts
•  time-sharing
•  trade fixture
•  zoning

  Web Resources

•  Federal Housing Administration Website
•  Department of Veterans Affairs Website

Lesson Two
Money and the Monetary System

  Important Terms

•  BIF
•  discount rate
•  discretionary income
•  Federal Deposit Insurance Corporation (FDIC)
•  Federal Reserve (the Fed)
•  federal funds rate
•  Federal Home Loan Bank System (FHLB)
•  M1, M2, M3
•  open-market operations
•  Office of Thrift Supervision (OTS)
•  personal income
•  prime rate
•  Regulation Z
•  reserve requirements
•  RTC
•  Treasury bills, notes, bonds

  Web Resources

•  FDIC Website
•  Federal Reserve Website
•  FHLB Website
•  OTS Website

Lesson Three
Fiduciary Sources for Real Estate Finance

  Important Terms

•  construction loans
•  equity loans
•  fiduciary
•  financial intermediaries
•  interim financing
•  participation financing
•  principal
•  redlining
•  savings and loan association
•  underwriter

  Web Resources

•  Mortgage Bankers Association Website
•  National Credit Union Admin. Website

Lesson Four
Contracts

  Important Terms

•  balanced trust
•  balloon payment
•  blue sky provision
•  combination trust
•  correspondents
•  cosign
•  debentures
•  equity trust
•  general partner
•  industrial revenue bonds
•  limited liability company
•  limited partner
•  line of credit
•  mortgage broker
•  mortgage company
•  mortgage revenue bonds
•  municipal bonds
•  real estate investment trust
•  real estate mortgage trust
•  syndicate
•  Zero coupon bonds

  Web Resources

•  An Overview of Bonds
•  Uniform Partnership Act—Full Text
•  Uniform Limited Partnership Act—Full Text

Lesson Five
Conventional, Insured and Guaranteed Loans

  Important Terms

•  acquisition cost
•  adjustable-rate mortgage
•  best-faith estimate
•  buydowns
•  certificate of eligibility
•  certificate of reasonable value
•  coinsurance
•  conforming loan
•  conventional loan
•  commitment
•  direct endorsement program
•  entitlement
•  fixed-rate loan
•  front-end zero
•  funding fee
•  graduated payment mortgage
•  loan-to-value ratio
•  mortgage insurance
•  mortgage insurance premium
•  negative amortization
•  nonconforming loan
•  private mortgage insurance
•  release of liability
•  substitution of entitlement

  Web Resources

•  Fannie Mae Online
•  Freddie Mac Online
•  Quick Guide to VA Home Loans
•  The Journal of Real Estate Finance and Economics

Lesson Six
Federal and State Financial Regulations and Lending Programs

  Important Terms

•  annual percentage rate
•  Cal-Vet
•  Community Reinvestment Act
•  Equal Credit Opportunity Act
•  Farm Credit System
•  Garn-St. Germain Bill
•  moratorium
•  open-end mortgages
•  Proposition 13
•  Real Estate Settlement Procedures Act
•  redlining
•  tax-exempt bonds
•  tax-increment financing
•  Truth-in-Lending Law
•  urban renewal
•  usury

  Web Resourses

•  Cal-Vet Loan Programs
•  Community Reinvestment Act—Full Text
•  Equal Credit Opportunity Act—Full Text
•  Farm Credit Administration Website
•  Garn-St. Germain Bill—Full Text