Implementing A Real Estate Finance System - 1111 Words

Mortgage law is as clear, consistent, and enforceable in the United States as in any place in the world, and far more so than in many countries. Why is this a vital element of an efficient real estate finance system? Because debt financing is used in most if not all RE transactions, mortgages are necessary for eliminating uncertainty; Not only for the borrower but the lender as well. The lender can be certain of what risks are involved and this allows them to determine the risk premium in the interest rate. The borrower benefits immensely from the mortgage as it reduces the cost of borrowing, it details financial rights and obligations, and increases chances of a positive outcome. The Congress has adopted changes in bankruptcy law that would make Chapter 7 bankruptcy more difficult for households, requiring greater use of Chapter 13, thus providing greater protection to unsecured credit card companies. As a mortgage lender, do you care about this? If so, what would be your position? The mortgage lender’s claim to the property has priority according to both chapters. However, it looks like chapter 13 discusses debt workout plans for the borrower. Which in turn may cause delays to foreclosure. In turn, increasing costs for the lender and possibly causing the property value to decrease due to neglect. Residential mortgage terms (mortgage notes) have become increasingly uniform as the mortgage market has become more national and efficient. Is there any downside to this for theShow MoreRelatedWorking At Pennymac Commercial Real Estate Finance1244 Words   |  5 PagesI’m currently working at PennyMac Commercial Real Estate Finance (PCREF) in Irvine, CA as Sr. Loan Closer/Processor for the past eight months. Previous to this position I worked at Opus Bank as a Sr. Loan closer/Processor in structured finance for 3 years until I was laid off. I have over 25 years in the real estate finance industry. Ranging from loan administrator, underwriting, loan officer, and property management. PCREF is a newly developed department to PennyMac Loan Serving since NovemberRead MoreHilton Information System Case Study Essay716 Words   |  3 Pages1919 started by Conrad Hilton and over the next almost hundred years developed into a portfolio of nearly 3,000 properties in 78 countries and a workforce of nearly 100,000 people. In order to finance the quick expansion model, Hilton Hotels Corporations morphed into a franchising model. Total real estate investment is measured in billions of dollars and the company simply did not have the means to raise the capital any other way. Hilton Hotels defined itself as a brand management company whose mainRead MoreStrategic Plan, Part Ii: Swott Analysis1393 Words   |  6 Pagesto chart a strategy,† (Para. 1). The SWOTT analysis of the Manning Solutions will explain seven external and internal forces which may affect the organization. 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