Official Course Description: MCCCD Approval: 07/22/08
REA282AA 19936-20086	LEC	0.75 Credit(s)	0.75 Period(s)
Money and Lenders
Foundations of real estate finance, including economics, monetary systems, Federal Reserve operations, costs of money, types of lenders,and mortgage backed securities. Prerequisites: None.

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MCCCD Official Course Competencies:
REA282AA   19936-20086	Money and Lenders

1.	Define and describe the costs of money. (I, II, III)
2.	Describe aspects of the economy which impact the real estate finance industry. (I, II, III)
3.	Describe the secondary market. (IV, V)
4.	List primary lending sources. (IV, V, VI, VII, IX)
5.	List secondary lending sources. (IV, V, VI, VII, IX)
6.	Describe FNMA, FHLMC, and GNMA and their role in real estate and the economy. (V, VIII)

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MCCCD Official Course Outline:
REA282AA   19936-20086	Money and Lenders

1. Real Estate and Economics II. Money and Monetary Systems III. Federal Reserve and Bank Operations IV. Capital Markets and Interest Rate Pricing V. Primary and Secondary Lenders and the Secondary Market VI. Mortgage Investors VII. Semifiduciary Lenders VIII. Mortgage Backed Securities IX. Loan Commitment and Delivery

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