*Explain the basic steps in the mortgage process *Distinguish between different types of loan originators and the ways they help borrowers get funds *Describe government regulations affecting loan originators at both the national and state level *List the different types of mortgage lenders and the ways their businesses have changed over time *Discuss important historical events in the mortgage industry, including the Depression and the savings and loan crisis, and the governments response to these events *Summarize the factors leading up to the mortgage and financial crisis, and the impact it may have on the mortgage industry