Real Estate Finance: Theory and Practice / Edition 2

Real Estate Finance: Theory and Practice / Edition 2

1.6 3
by Terrence M. Clauretie, G. Stacy Sirmans
     
 

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ISBN-10: 0134334752

ISBN-13: 9780134334752

Pub. Date: 12/01/1995

Publisher: Prentice Hall Professional Technical Reference

Based on sound economic and finance principles, the primary goal of this market-leading text is to promote a greater understanding of how real estate financial markets work. The authors blend theory with practice applying the theoretical aspects of financial economics to explain how Real Estate financial institutions and markets have developed and evolved to their

Overview

Based on sound economic and finance principles, the primary goal of this market-leading text is to promote a greater understanding of how real estate financial markets work. The authors blend theory with practice applying the theoretical aspects of financial economics to explain how Real Estate financial institutions and markets have developed and evolved to their present state, and why they take the forms they do. The impact of major federal legislation that applies to real estate finance (especially residential) is also addressed.

Product Details

ISBN-13:
9780134334752
Publisher:
Prentice Hall Professional Technical Reference
Publication date:
12/01/1995
Pages:
669
Product dimensions:
8.24(w) x 10.31(h) x 1.26(d)

Table of Contents

Preface
Goals and Foundation of the Textxiii
Special Featuresxiii
Topic Coveragexiii
Background of the Studentxiv
About the Authorsxiv
Part 1Finance and Real Estate1
1Real Estate Finance: An Overview2
2Money, Credit, and the Determination of Interest Rates15
3Finance Theory and Real Estate28
Part 2Residential Real Estate Finance43
4The Early History of Residential Finance and Creation of the Fixed-Rate Mortgage44
5Postwar Residential Finance62
6Alternative Mortgage Instruments92
7Financing and Property Values123
8Federal Housing Policies142
9Federal Housing Policies: Part II172
10The Secondary Mortgage Market188
11Valuation of Mortgage Securities216
12Controlling Default Risk Through Borrower Qualification, Loan Underwriting, and Contractual Relationships253
13Loan Origination, Processing, and Closing270
14Mortgage Default Insurance, Foreclosure, and Title Insurance279
Part 3Commercial Real Estate Finance299
15Value, Leverage, and Capital Structure300
16Federal Taxation and Real Estate Finance320
17Sources of Funds for Commercial Real Estate Properties350
18Acquisition, Development, and Construction Financing366
19Permanent Financing of Commercial Real Estate Properties391
20Ownership Structures For Financing and Holding Real Estate415
Part 4Special Topics in Real Estate Finance433
21Real Estate in a Portfolio Context434
22Liability, Agency Problems, Fraud, and Ethics in Real Estate Finance455
Appendix 1479
Appendix 2520
Appendix 3522
Glossary527
Name Index547
Subject Index549

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