Outline
A Brief History of Mortgage Lending
- The Story of Mortgage Lending
- Key Terminology
Government Agencies
- Federal Housing Finance Agency (FHFA)
- Federal Housing Administration
Industry Participants – Primary Mortgage Markets
- Commercial Banks
- Savings and Loan Associations
- Mortgage Companies, Bankers, and Brokers
- Other Primary Mortgage Market Lenders
Secondary Mortgage Markets
- Function of Secondary Markets
- The Flow of Mortgage Funds
- Secondary Markets Agencies
- Secondary Market Standards
Present Day Mortgage Lending
- The Subprime Mortgage Crisis
Learning Objectives
- Describe the two mortgage instruments and their primary purpose.
- Differentiate mortgage banks, mortgage lenders, mortgage brokers and mortgage loan originators
- Explain the difference between a wholesale and a retail lender.
- Define warehouse lending.
- Understand the basic development of mortgage lending.
- Describe what the secondary market basically does.
- Define primary and secondary lender.
- Identify the contributions made by mortgage brokers to the real estate industry.
Teaching Methods:
Power Points, Video PowerPoint Presentation and Quiz
Course Features
- Lectures 2
- Quizzes 1
- Duration 1 hours
- Skill level All levels
- Language English
- Students 10
- Assessments Yes