Mortgage Topic Course

Associated Courses

Outline

A
Brief History of Mortgage Lending

  1. The Story of Mortgage Lending
  2. Key Terminology

Government
Agencies

  1. Federal Housing Finance Agency (FHFA)
  2. Federal Housing
    Administration

Industry
Participants – Primary Mortgage Markets

  1. Commercial Banks
  2. Savings and Loan Associations
  3. Mortgage Companies, Bankers, and Brokers
  4. Other Primary Mortgage Market Lenders

Secondary
Mortgage Markets

  1. Function of Secondary Markets
  2. The Flow of Mortgage Funds
  3. Secondary Markets Agencies
  4. Secondary Market Standards

Present
Day Mortgage Lending

  1. The Subprime Mortgage Crisis

Learning Objectives

  1.       Describe the two mortgage instruments and
    their primary purpose.
  2.       Differentiate mortgage banks, mortgage
    lenders, mortgage brokers and mortgage loan originators
  3.       Explain the difference between a wholesale and
    a retail lender.
  4.       Define warehouse lending.
  5.       Understand the basic development of mortgage
    lending.
  6.       Describe what the secondary market basically
    does.
  7.       Define primary and secondary lender.
  8.       Identify the contributions made by mortgage
    brokers to the real estate industry.

Teaching Methods: Power Points, Video PowerPoint Presentation and
Quiz