Real Estate Finance and Loan Brokering TM COPYRIGHT© 1991, 1995, 2003, 2005, 2007, 2009, 2017 - 8th Edition EDUCATIONAL TEXTBOOK COMPANY, INC. P. O. Box 3597 Covina, California 91722 (626) 339-7733 FAX (626) 332-4744 www.etctextbooks.com www.FinTechRealEstate.com Call Glendale College Bookstore to order all ETC books: 1-818-240-1000 ext. 3024 1-818-242-1561 (Direct) Library of Congress Cataloging-in-Publication Data Real Estate Finance and Loan Brokering/Huber, Walt; Zozula, Walt 8th ed. Includes index 1. Real property—United States—Finance. 2. Mortgage loans—United States. 3. Housing—United States—Finance. 8th Editon ISBN: 978-16-2684-178-9 All the rights to this Real Estate textbook are reserved. No part of this text may be reproduced or transmitted in any form by any means, including electronic or mechanical photocopying, recording, or storing in any retrieval system, or otherwise used without the prior written permission of this publisher. Printed in Marina del Rey, California. Thanks to Our Production Team! Colleen Taber: Executive Editor Rick Lee: Layout and Pre-Press Editor Shelley Geary: PowerPoint®, Blackboard® Philip Dockter: Art Director Melinda Winters: Cover Art Design Troy Monroe Stacey: Cover Design ii