Residential Mortgage Lending: Principles and Practices, 5th Edition

Product Details

Designed for both employees of mortgage lenders and individuals studying real estate finance, Residential Mortgage Lending: Principles and Practices provides an overview of mortgage banking and outlines strategies that mortgage bankers can utilize to compete successfully in today?s competitive business environment.

While clearly explaining the fundamentals in an easy-to-understand manner, this edition has a new emphasis on the practical applications of residential mortgage lending making it an excellent resource for learning mortgage banking operations. No prior knowledge of finance or any part of mortgage lending is required. 416pp.

Table of Contents:

• Preface.
• Acknowledgments.
• 1. History of Mortgage Lending.
• 2. Role of Residential Mortgage Lending in the Economy.
• 3. The Mortgage Lenders.
• 4. Strategies for Generating Residential Loans.
• 5. Mortgage Instruments.
• 6. Residential Mortgage Loan Origination and Processing.
• 7. Underwriting the Residential Mortgage Loan.
• 8. Government Insurance and Guaranty Programs.
• 9. Private Mortgage Insurance.
• 10. Selling Residential Mortgage Loans.
• 11. Secondary Mortgage Market.
• 12. Residential Real Estate Appraisal.
• 13. Closing the Residential Loan.
• 14. Mortgage Loan Servicing and Administration.
• 15. Real Estate Law and Security Instruments.
• 16. Compliance.
• 17. Construction Lending.
• 18. Home Equity Lones.
• Glossary.
• Index.