This clearly written introduction to the world of real estate finance in California lays the ground work for understanding how real estate loans get made. It brings you up-to-date coverage of the latest tax law changes, Cal-Vet, FHA and VA guidelines. Electronic loan processing and other elements of the evolving California mortgage industry are discussed throughout the text.

CONTENTS: Nature and Cycle of California Real Estate Finance – Money and the Monetary System – Fiduciary Sources for Real Estate Finance – Semi-fiduciary and Non-fiduciary sources for Real Estate Finance – Conventional, Insured and Guaranteed Loans – Federal and State Financial Regulations and Lending Programs – Junior Real Estate Finance – Contemporary Real Estate Finance – Instruments of Real Estate Finance – Real Estate Loan Underwriting – Processing Real Estate Loans – The Secondary Mortgage and Trust Deed Markets – Defaults and Foreclosures – Investment Financing Strategies – Mathematics of Real Estate Finance – Glossary – Index