10wks | 3 ACE; 3 CityU
An overview of the mortgage lending business, including business models such as mortgage banker, broker, and lender; the role of government and agencies like Federal Housing Administration and the Veteran’s Administration programs; other key players like Fannie Mae and Freddie Mac; important real estate laws; basics of real estate investing.
Explore key elements in the mortgage lending industry. Course topics include the major mortgage financing programs and guidelines; construction lending and land development financing; regulatory compliance laws and their impact on the mortgage process; property appraisals review; types of mortgage fraud and impact on the industry. (10 weeks)
There is no separate textbook for this course. All reading materials are posted online in your course.