499 Week 5 A/ For WIZARD KIM

BUSN220

Course Summary Course : BUSN220 Title : Real Estate Finance Length of Course : 8 Faculty : Karin Conradson Prerequisites : N/A Credit Hours : 3

Description Course Description:

This course is an investigation of institutions, instruments, and structures by which investment in real estate is financed. It reviews capital markets, the sources and use of real estate funds, and the role of government in real estate finance. The course also covers technical skills involved in real estate finance, to include risk analysis, portfolio theory and management, REITs, and capital market trends.

Course Scope:

This course is divided into 8 weeks and is designed to provide students with a broad framework in which to study real estate finance principles.

Objectives After successfully completing this course, students will fulfill the following Learning Objectives: 1. Identify real estate finance principles, concepts, and best practices. 2. Explain the nature of real estate finance including mortgage lending activities and real estate cycles. 3. Identify and discuss the Federal Reserve System, instruments of credit policy, the United States Treasury and the Federal Home Loan Bank System (FHLB). 4. Compare and contrast commercial and residential real estate in the mortgage market. 5. Differentiate between entities of the secondary mortgage market including the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae). 6. Discuss sources of funding such as commercial banks, mutual savings banks, savings associations, life insurance companies, credit unions, and pension and retirement programs 7. Define instruments of real estate and their use including encumbrances and liens, Notes,Deeds of Trust, Contracts for Deed (Land Contract), and junior finance instruments. 8. Discuss the details of conventional loans, interest rates, private mortgage insurance (PMI), borrower’s qualifications, and special conventional loan programs. 9. Describe the process involved in closing real estate loans. 10. Identify some contemporary real estate financing options.

Outline Week 1:

Topics

Governmental Acts

Nature and Cycle of Real Estate Finance and the Monetary System

Government Role in Real Estate

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