2024 – Recommended Readings Karikari J a Voicu I and Fang I 2011 FHA vs subprime mortgage originations Is FHA the answer

 

Recommended Readings

 

Karikari, J. a. Voicu, I. and  Fang, I. (2011). FHA vs subprime mortgage originations: Is FHA the answer to subprime lending? Journal of Real Estate Finance and Economics, 43, 441-458.

 

 

Discussions
To participate in the following discussions, go to this week’s Discussion link in the left navigation.

 

Foreclosure

For your own state, determine whether:

 

1. It is a judicial or nonjudicial foreclosure state
2. The standard home loan is based on a deed of trust or a mortgage.
3. There is a statutory right of redemption and, if so, how long.
4. Deficiency judgments are allowed against defaulted homeowners.

 

Based on this information, can you judge whether your state is relatively lender friendly or borrower friendly? Explain. For assistance answering these questions, please use foreclosureassistance.com and foreclosures.com. Respond to at least two of your classmates’ posts. 

 

Real Estate Broker & Marketing
 
How do you think the real estate marketing function will change in the future? Do you believe real estate brokers will play a more important or a less important role in the selling and buying process? Why? Respond to at least two of your classmates’ posts.

 

Wk4

 

Discussions
To participate in the following discussions, go to this week’s Discussion link in the left navigation.

 

Financing
 
Please give three examples of upfront financing costs associated with residential mortgage.  Next, what rule can one apply to determine if a settlement (closing) cost should be included in the calculation of the effective borrowing cost? Respond to at least two of your classmates’ posts. 
 

 

Mortgage Borrowing
 
A homeowner is attempting to decide between a 15 year mortgage loan at 5.5 percent and a 30 year loan at 5.9 percent.  What would you advise? What would you advise if the borrower also has a large amount of credit card debt outstanding at a rate of 15 percent? Respond to at least two of your classmates’ posts.

wk3 quiz

 

1. Modern real estate brokerage normally relies on a multiple listing service (MLS) through which brokers have access to each other’s listings. Which of the following types of agency agreements is established with the use of a MLS? (Points : 1)       
      
      
      

      
      
      

      
      
      

      
      
      

      
      
      

      
      
      

      
      
      

      
      
      

      
      
      

      
      
      

wk 4 quiz

 

1. In certain circumstances, mutual assent between the contracting parties may be broken, thus invalidating the contract. Which of the following defects to mutual assent involves compelling a person to act by the use of force? (Points : 1)