Real Estate Notes For Test 3

488 words - 2 pages

Ch. 9 Mortgage Theory & Law
Key Terms
1 mortgage
2mortgagor (borrower)
5Deed of Trust
 title
*regular, 2
 Lien
*Deed of trust, 3
• release of lien, deed of trust
• default
• trustee, lender
*property taxes
• 7
2. deed in lieu of foreclosure
• deliquent
 judicial
 3rd party trustee
Non- Judicial
1. Use trustees
2. less expensive
3. trustee system
4. more common in TX
5. Less expensive to lenders
6. should result in lower rates
the last two blanks are to be kept blank

Ch 10 Lending Practices





• Taxible Income
• Income, Higher

Ch 11 The Loan & The Consumer

• Federal Housing, National Housing
 Lender, Insurer
• Construction, Lender
• 97%, 3%
• 1.5, 2.25%, ...view middle of the document...

5. Total amount payment
*** All other charges related to the loan
• Approve lonas that will be paid back in full and on time.
• Underwriter (Underwater?)
• VA, FHA, Conventional
• Down payment
• Borrowed
• Purchase (money), Refinance, Home Equity & Home Improvements
• Owner- occupied, investment
• 25%
2 main reasons: Rent property value depreciates faster, Values goes up and down with rental rate (Makes more of a risk)
• Race, Age, Gender
• Job Security
• Net Worth
• Credit
• Employer Stability
• Job Skills
• Amount, Source
• No Documentation, low documentation
• 2
*** 1. Cash economy- unreported income 2. Your loan application may not reflect your true income
• current, anticipated
• Fixed Monthly
• net
• liquidity
• personal
• credit
 risk, LTV
 Red Lining
 Subprime
* higher, lower
* lower
 Jumbo

Ch 13 Types of Financing
1. Fixed Rate
2. Adjustable Rate Mortgage
3. Hybrid
• Maturity
• Opportunity
• 40%
• Rise
• 1/2 , 5/8, Maturity
• One Year
• +1-3.5%
1. 1-2%
2. 7%
3. 7%
 Negative Amortization
• Under water
 Graduated Payment (AKA Buydown Mortgage)
• Negative
 Shared Appreciation (SAM)
 Equity Sharing
 Package
 Blanket
 Reverse
• Equity
• 80%
 Interim
• Draws
 Home Equity
• 80% (LTV)
• Second, Higher
1. Credit Line
2. Contributed to mortgage problems
4 Traveling

Ch 12 Sources of Financing


• Loan Officer, Mortgage Processor
• Originating, Servicing
• ½ to 1, ½ to 1
• Collecting the monthly payment (PITI) (cross our and) from the borrower and deducting their fee. As well as tax and insurance escrow amounts. Then forward the balance to the investor.
• 2nd lien
 Secondary Mortgage Market
1. Depositor, and borrowers
2. Disintermediation
3. Timing
1 Private Investors
2 Mortgage Backed Securities
• 1-500 Million
• Fractional
• FHA, VA, Conventional
• 1-4
• Sub-Prime
• Sub-Prime
• Government Sponsored Entitiy
• Federal Government
• Conventional
• Government Sponsored Entity
 Mortgage Brokers
 Desktop Underwriting

Other assignments on Real Estate Notes For Test 3

Cadim: The China And India Real Estate Market Entry Decisions

1597 words - 7 pages average risk- adjusted return of real estate in their current markers, North America, averaging considerably below Cadim’s internal required return rate of 14%. One factor affecting Cadim’s decision is whether Cassie’s two other real estate companies plan on entering the country as well. Even if entering India or China makes sense for the residential/hotel sector the same opportunities may not be available for shopping malls and business real

Good Essay

1487 words - 6 pages fraction: o Inclusion ratio: ($12K (paid by decedent) / $15 (total paid)) x $75K o Exclusion ratio: (3/15) x $75K ♣ Must look at the numerator, this determines whether there is an inclusion ratio or exclusion ratio. (d) What is the result if during the time between the gift and Decedent’s death, the insurance policy paid dividends to the Child totaling $1,000. • The gross estate does not include income earned by the property after the gift


858 words - 4 pages How to Succeed in Mathematics: A Step-by-step Guide The First Day: 1. Go to class. 2. Get the names, e-mail, and phone numbers of at least 3 classmates whom you can call for information. 3. Get a copy of the syllabus. Read and understand it. 4. Find the instructor's office. This will save you time later on. 5. Find any tutoring or lab facilities that the instructor might mention. This will also save you time later. There is free

Behavior Forces

559 words - 3 pages Organizations have thrived on competition for centuries. Healthy competition has evolved the world to what it is today, with organizations always wanting to do better than their competition. In the real estate world competition is cut-throat, not only among other real estate companies, but amongst the real estate agents themselves. Real estate agents do not make money unless a real estate deal is closed. Due to this simple fact, competition is

Thisis It

1207 words - 5 pages special offers by BetterBills.</a> Advertisement Real Estate Are you a first homebuyer? * * Buy real estate * How much is my house worth? * Need an inspection report? Jobs Search for 1000s of jobs around Australia * * What are you worth? * Set up an email job alert * Search for a new job Essential Baby Kim's bizarre maternity shoot *


797 words - 4 pages Real Estate Investment | (1) |   | IMB 539 Financial Management | (2) | | IMB --- CSB Elective | (2) | | Or | | | | | | IMB 595 Special Topics in International Business (to be completed at an IBSA partner school) | | C. Thesis or Extensive Written Case Analysis (12 semester hours): Term 3 (summer) |   |   | IMB 599 Thesis | (6) | | IMB 594 Capstone Project / Practicum | (6) | IMBA Course Descriptions (UNCW) The


275 words - 2 pages ? -Mark my text -reread difficult passages -Takes notes - apply special strategies. Step 4. what’s the likely outcome of each possible choice? -By reading few pages by time and taking notes I think I will understand more the text and its content. -reread difficult passages it will help me during my test or quizzes because by that time I will understand clearly what is the test and the text about and is not going to be difficult for me


278 words - 2 pages faiure of an enterprise. You need to consider the options before deciding, the historical background of the company and other matters related to them before buying or investing. Firm’s history, development and growth In 1975, real estate business bloomed; many individual invested to this type of activity including Senator Manny Villar. He established real estate Development Company whick brought success to him and his family, it made him a

Tax Issues

668 words - 3 pages from selling shares in companies (5-10% if not exchanged on the Stock Exchange; half of 1% of the selling price otherwise), and those from selling real estate not used for business purposes (6%). | Deductions on dividends | Deduction of 15% on dividends paid by the Philippine company if the non resident's country  allows 20% tax credit, otherwise there is a deduction of 35%. | Deductions on interest | Deduction of 20% | Deductions on


3958 words - 16 pages ) INCOME TAXES NET INCOME (LOSS) — Page 3 of 10 Bear Stearns & Co Exhibit 2 (Continued) BLOCKBUSTER ENTERTAINMENT CORPORATION AND SUBSIDIARIES Consolidated Statements of Operations For the Years ended December 31, (in thousands, except per share data) ASSETS 1988 CURRENT ASSETS Cash and short term investments Accounts receivable, less allowances Notes receivable from shareholders Merchandise Inventories Other Total

Wyndham International

400 words - 2 pages Wyndham International Summary of Key Facts: Wyndham, restructured from real estate to hotel chain. Upon acquiring by Patriot American Hospitality, a paired shared real estate investment trust (REIT) renamed itself as Wyndham International. They acquired many small hospitality companies. Due to declining financial health and federal regulatory scrutiny, the company came up with restructuring plan. They faced challenges associated with

Similar Documents

Real Estate Prospects In Dubai Essay

2859 words - 12 pages , employees, tourists, attending events and conferences and for health and education purposes. To do this, more liberalization and simplification of laws, rules and measures are necessary in the following areas: (i) immigration and residence laws and procedures (ii) labour laws and procedures (iii) business and commercial laws and procedures (iv) real estate and tenancy laws and procedures (v) administration of courts and dispensing of justice. 3

Real Estate Transfer In Italy Essay

252 words - 2 pages considered real estate also the mills, [I bagni- stabilimenti?], floating buildings, when these are fastened to shore. The arrangement in one or another group take importance for many reasons: in La collocazione dei beni nell’ambito dell’una o,piuttosto, dell’latra categoria assume pratica rilevanza sotto molteplici aspetti disciplinari, che attengono: Formality: acts about real estate need of particulary formality (written form?) Registration

Nonparametric Hypothesis Testing Paper

955 words - 4 pages their time and search for the best sales for homes by searching information about homes sales and choices(Rosales L. 2011). The housing industry can also find the best buyer’s options that are available to him or her in a similar way that real estate agencies can seek the best sales on homes. However, the homes of the homeowners in the housing industry are set by the regional, state, and local expectations of the buyers and not so much by

Dlf Strategic Analysis

2244 words - 9 pages company's US$ 2 billion IPO in July, 2007 was India's biggest IPO in history. In its first quarter results for the period ending 30 June 2007, the company reported a turnover of Rs. 3,120.98 Crore and profits after taxes of Rs. 1,515.48 Crore. VISION MISSION AND VALUES DLF Vision To contribute significantly to building the new India and become the world’s most valuable real estate company. DLF Mission To build world-class real-estate concepts