Real Estate Finance
By Patrick J. Hogarty, MA
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Podcast Description
Welcome to California Real Estate Finance. This is one of the twelve courses that students can use to meet the third course requirement for a California State Salesperson's License. Additionally, the course helps students prepare for further studies in real estate. This course covers real estate financing: lending policies, and problems; financing transactions in residential, apartment, commercial, and special purpose properties; and methods of financing properties. This course applies towards educational requirements for both a salesperson's or broker's examination.
| Name | Description | Released | Price | ||
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1 |
Show 01 | This was the first show for the class and provided an overview of the course materials. | 1/4/10 | Free | View In iTunes |
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2 |
Show 02 | This was the second show in the course and covered the history of money, The Federal Reserve System, and the future of money as a medium of exchange. Also, there was a review and discussion of the Federal Reserve and it's current Chairman, and other very important web sites that affect real estate finance. | 1/4/10 | Free | View In iTunes |
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3 |
Show 03 | This was the third show in the course and covered the real estate/business cycle. Also, factors such as population growth, politics, social issues, etc., that affect real estate values and finance were covered. | 1/4/10 | Free | View In iTunes |
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4 |
Show 04 | This show continued the discussion of Real Estate Cycles and the Secondary market. The three main Secondary Market Associations FNMA, GNMA and FHLMC were discussed in detail. Also, students were shown the web sites for each one of these organizations and other web site links listed under the Web Sites Links Chapter 2 area on the class Blackboard web site. | 1/4/10 | Free | View In iTunes |
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5 |
Show 05 | This show began with a discussion of Sources of Funds and The Primary Market. Traditional Direct Lenders such as Savings and Loans, Commercial Banks and Credit Unions were discussed. Also, the Savings and Loan problems of the 1980’s that led up to the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) were discussed. | 1/4/10 | Free | View In iTunes |
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6 |
Show 07 | This show began with a discussion of the Secondary Mortgage Market and how it operates. Also, there was a extensive demonstration of the financial tools on the Freddie Mac web site. | 1/4/10 | Free | View In iTunes |
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7 |
Show 06 | This show continued with a discussion of Sources of Funds and The Primary Market and covered the role of indirect lenders. Indirect Lenders such as Pension Funds, Insurance Companies, Mortgage Brokers, and Mortgage Bankers/Mortgage Companies were covered. Also, Real Estate Investment Trusts and the role of Private Individual as lenders and investors were discussed. Finally, the use of the internet to obtain loans and other financial web sites were demonstrated and discussed in detail. | 1/4/10 | Free | View In iTunes |
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8 |
Show 08 | This show continued with a discussion of the Secondary Mortgage Market and Federal Credit Agencies. Topics covered included Farm Credit Agencies, Farm Credit System, Federal Housing Agency and Veterans Administration. There was also a demonstration of the web sites for these agencies. | 1/4/10 | Free | View In iTunes |
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9 |
Show 09 | This show began with a discussion of Federal Regulation and Consumer Protection. Many of the Federal Disclosure and Fair Housing Acts were discussed. Also, there was an extensive discussion of the Real Estate Settlement Procedures Act (RESPA). | 1/4/10 | Free | View In iTunes |
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10 |
Show 10 | This show continued the discussion of the Real Estate Settlement Procedures Act (RESPA). The "Good Faith Estimate of Closing Costs Statement" was discussed in detail including the handbook that explains what each line item in the statement means. Also, there was a demonstration on online Annual Percentage (APR) Calculators. Finally, there was a demonstration of the FHA web site that covered the different types of FHA loan programs. | 1/4/10 | Free | View In iTunes |
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11 |
Show 11 | This show began with an overview of State Regulation of Lending and included an explanation of the differences between the state and federal laws and responsibilities. Estates, types of deeds used to transfer title, mortgages and Deeds of Trust. There was also a demonstration of different web sites for further information and research. | 1/4/10 | Free | View In iTunes |
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12 |
Show 12 | This show provided a review for the first third of the course and covered the following topics: * Then and Now: A Short History of Finance * Real Estate Cycle and The Secondary Market * Sources of Funds: The Primary Market * The Secondary Market and Federal Credit Agencies * Federal Regulation and Consumer Protection | 1/4/10 | Free | View In iTunes |
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13 |
Show 13 | This show provided an overview of the Financial Instruments used in real estate financing. Promissory Notes, Deeds of Trust, Deed of Reconveyance, the foreclosure process, and Trustee’s Sale were discussed. | 1/4/10 | Free | View In iTunes |
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14 |
Show 14 | This show continued the discussion of the Financial Instruments used in real estate financing and differences between Deeds of Trust and Mortgages and the difference in the foreclosure process of each instrument. Also, land contracts were discussed including a demonstration of the Cal Vet loan web site frequently asked questions which explains how Cal Vet uses land contracts as a security instrument for their loan programs. | 1/4/10 | Free | View In iTunes |
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15 |
Show 15 | This show provided an Overview of The Loan Process including shopping for a loan, filling out the loan application and which documents to bring to the lender when applying for a loan. | 1/4/10 | Free | View In iTunes |
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16 |
Show 16 | This show provided an Overview of Escrow Procedures. There was also a demonstration of the Financial Title Insurance Company we site which covers the loan process and escrow procedures. | 1/4/10 | Free | View In iTunes |
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17 |
Show 17 | This show provided an overview of Conventional Financing fixed rate 30 year and 15 year loans were discussed. Conforming vs. Nonconforming loans including a history of the amount limits of these loans. | 1/4/10 | Free | View In iTunes |
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18 |
Show 18 | This show continued with a discussion of conventional financing. Secondary financing, private mortgage insurance and 90%, 95% and 100% financing were discussed. Also, easy documentation loans, assuming conventional loans and prepayment penalties were covered. | 1/4/10 | Free | View In iTunes |
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19 |
Show 19 | This show provided an overview of different types of Alternative Financing programs. The show began by covering many of the details for these programs like discount points and Mortgage Buy-Down Plans. The last part of the show introduced Adjustable Rate Mortgages and discussed reasons why these programs have become popular. | 1/4/10 | Free | View In iTunes |
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20 |
Show 20 | This show continued the discussion of different types of Alternative Financing programs. The show began by covering the details for Adjustable Rate Mortgages. The last part of the show discussed Growth Equity Mortgages, Bi-Weekly Loans and Reverse Mortgages. | 1/4/10 | Free | View In iTunes |
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21 |
Show 21 | This show began with an introduction to Government Loan Programs. The four broad areas of government loan programs e.g. FHA, VA, Cal Vet and other special purpose programs were discussed. The majority of the lecture covered the various FHA home loan programs e.g. 203b, 251, 203k and the role of Mutual Mortgage Insurance. Also, there was a short demonstration of the FHA "Nine steps to buying a home" portion of their web site. | 1/4/10 | Free | View In iTunes |
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22 |
Show 22 | This show continued by completing the lecture on FHA programs and discussed the fact that the HUD-92564-VC (Notice To The Lender) inspection form is not required to be completed by the real estate appraiser. Next, there was a discussion of Veterans Administration (VA) loan programs. Finally, there was an overview of the Cal Vet home loan program. | 1/4/10 | Free | View In iTunes |
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23 |
Show 23 | This show continued by completing the lecture on the Cal Vet home loan program. Topics covered included Eligibility Requirements, fees, interest rates and how Mortgage Brokers can originate Cal Vet loans. Also, there was a demonstration of the Cal Vet web site that contained an overview of the materials on the web site. The last part of the show covered State-Sponsored Home loan programs which address first time buyers programs and people needing down payment assistance. Finally, there was a discussion of the services that the Sacramento Home Loan Counseling Center provides for low income home buyers and assistance for people that need to repair their credit. | 1/4/10 | Free | View In iTunes |
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24 |
Show 24 | This show began with an introduction to Seller Financing/Creative Financing Programs. The types of financing programs discussed were seller carry back loans, loan assumptions and wrap-around/all-inclusive note and deeds of trust. The lecture also discussed the fact that these programs become more popular as the interest rates rise. There was also a great emphasis placed on the fact that real estate salespersons and brokers need to make sure that their clients fully understand the advantages, disadvantages, and potential liabilities of these types of financing programs. | 1/4/10 | Free | View In iTunes |
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25 |
Show 25 | This show continued the discussion of Seller Financing/Creative Financing Programs. The types of financing programs discussed were land contracts, lease options, exchanges, and equity sharing agreements. Again, there was a great emphasis placed on the fact that real estate salespersons and brokers need to make sure that their clients fully understand the advantages, disadvantages and potential liabilities of these types of financing programs. | 1/4/10 | Free | View In iTunes |
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26 |
Show 27 | This show continued the discussion of qualifying a Borrower for a real estate loan. Topics covered included sources income stability, assets, liabilities, net income, and forms used for calculating if a borrower has the income to qualify for the loan. Also, their was a demonstration of a web site that helps borrows understand the mortgage underwriting guidelines that will determine what their mortgage loan options are to purchase or refinance a home. | 1/4/10 | Free | View In iTunes |
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27 |
Show 26 | This show began with a discussion of qualifying a Borrower for a real estate loan. Topics covered included income stability, computing monthly earnings, employment history and how these factors are used in qualifying a borrower for a loan. | 1/4/10 | Free | View In iTunes |
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28 |
Show 28 | This shows guest was Jeff Webb who has been a Residential Real Estate Appraiser for over 25 years. During the show, Jeff discussed his real estate career, and how he goes about conducting a real estate appraisal. Also, he discussed the three approaches e.g. market, cost and income to real estate appraisal and how he uses them to determine the value of the property he is appraising. | 1/4/10 | Free | View In iTunes |
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29 |
Show 29 | This shows guest was Nancy Rich who is a Mortgage Banking Consultant with First Security Loan in Roseville, California. Nancy is also a board member of the Home Loan Counseling Center. Nancy has almost 30 years experience in the mortgage and real estate loan business. During the show, Nancy discussed the mission of the Home Loan Counseling Center which is to help first time buyers in the process of buying and financing a home. | 1/4/10 | Free | View In iTunes |
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30 |
Show 30 | This shows guest was Leigh Rutledge who is the President of the Sacramento Association of Realtors (SAR) for 2006. During the show, Leigh discussed her real estate career, her duties as President of (SAR) and the functions of the California Association of Realtors and the National Association of Realtors. Also, she discussed what her recommendations were for buyers and sellers in today’s real estate market. | 1/4/10 | Free | View In iTunes |
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31 |
Show 31 | The show covered appraising the property in other words Qualify the Property for the real estate loan. The three approaches e.g. market, cost and income were discussed, and how they are used to determine the value of the property. | 1/4/10 | Free | View In iTunes |
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32 |
Show 32 | The show covered Real Estate Finance Mathematics and how it is used in the financing process. Interest rate problems and the use of real estate loan tables were discussed. | 1/4/10 | Free | View In iTunes |
| Total: 32 Episodes |
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