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Real Estate Finance: Theory and Practice (with CD-ROM) / Edition 5
     

Real Estate Finance: Theory and Practice (with CD-ROM) / Edition 5

by Terrence M. Clauretie, G. Stacy Sirmans
 

ISBN-10: 0324305508

ISBN-13: 9780324305500

Pub. Date: 04/04/2005

Publisher: Cengage Learning

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:
9780324305500
Publisher:
Cengage Learning
Publication date:
04/04/2005
Edition description:
REV
Pages:
576
Product dimensions:
10.90(w) x 8.70(h) x 1.10(d)

Table of Contents

Preface I. FINANCE AND REAL ESTATE 1. Real Estate Finance: An Overview 2. Money. Credit. and the Determination of Interest Rates 3. Finance Theory and Real Estate II. RESIDENTIAL REAL ESTATE FINANCE 4. The Early History of Residential Finance and Creation of the Fixed Rate Mortgage 5. Postwar Residential Finance 6. Alternative Mortgage Instruments 7. Financing and Property Values 8. Federal Housing Policies: Part 1 9. Federal Housing Policies: Part 2 10. The Secondary Mortgage Market 11. Valuation of Mortgage Securities 12. Controlling Default Risk Through Borrower Qualification. Loan Underwriting and Contractual Relationships 13. Loan Origination. Processing. and Closing 14. Mortgage Default Insurance, Foreclosure, Title Insurance III. COMMERCIAL REAL ESTATE FINANCE 15. Value, Leverage, and Capital Structure 16. Federal Taxation and Real Estate Finance 17. Sources of Funds for Commercial Real Estate Properties 18. Acquisition. Development. and Construction Financing 19. Permanent Financing of Commercial Real Estate Properties 20. Ownership Structures for Financing and Holding Real Estate IV. SPECIAL TOPICS IN REAL ESTATE FINANCE 21. Real Estate in a Portfolio Context 22. Liability. Agency Problems. Fraud. and Ethics in Real Estate Finance Appendix 1: Refresher Course on the Time Value of Money and Related Concepts Appendix 2: Acronym List Appendix C: Software to Accompany Real Estate Finance Glossary Name Index Subject Index

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