Lesson One
Scope of Mortgage Loan Brokerage
Important Terms
• back-end ratio
• bankruptcy score
• brokerage
• collateral
• conforming loan
• equity loan
• FICO bureau scores
• front-end ratio
• hard-money loan
• impound account
• institutional lender
• junior lien
• mortgage banker
• mortgage broker
• nonconforming loans
• open-end loand
• piggyback loans
• points
• portfolio loans
• primary mortgage market
• principal
• private mortgage insurance
• purchase money loans
• secondary mortgage market
• unconscionable contracts
• usury
Web Resources
• Mortgage Bankers Association
Lesson Two
The CA Department of Real Estate
Important Terms
• accusation
• injunction
• partnership
• Real Estate Advisory Commission
• receiver
• restricted license
Web Resources
• CA Department of Real Estate
• CA Attorney General
Lesson Three
Department of Corporate Licensing
Important Terms
• CA Residential Mortgage Lending Act
• Housing Financial Discrimination Act of 1977
Web Resources
• CA Corporations Code
• CA Residential Mortgage Lending Act