This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought.

©1989, 1993, 1994, 1998 by Dearborn Financial Publishing, Inc.®

Published by Real Estate Education Company®, a division of Dearborn Financial Publishing, Inc.®

All rights reserved. The text of this publication, or any part thereof, may not be reproduced in any manner whatsoever without written permission from the publisher.

Printed in the United States of America.

98 99 00 10 9 8 7 6 5 4 3 2 1

ISBN: 0-79310-2770-X (Textbook)

ISBN: 0-79310-2769-6 (Instructor's Manual)

TABLE OF CONTENTS

Introduction

Lesson Assignments vii

1 / Nature and Cycle of California Real Estate Finance

2 / Money and the Monetary System

3 / Fiduciary Sources for Real Estate Finance

4 / Semifiduciary and Nonfiduciary Sources for Real Estate Finance

5 / Conventional, Insured and Guaranteed Loans

6 / Federal and State Financial Regulations and Lending Programs

7 / Junior Real Estate Finance

8 / Contemporary Real Estate Finance

9 / Instruments of Real Estate Finance

10 / Real Estate Loan Underwriting

11 / Processing Real Estate Loans

12 / The Secondary Mortgage and Trust Deed Markets

13 / Defaults and Foreclosures

14 / Investment Financing Strategies

15 / Mathematics of Real Estate Finance

4th Edition Updates