Real Estate Investments

Paper Summary:

The paper discusses how it is in the field of internal or corporate finance that most innovation has been shown by property development companies over recent years. The range of devices, instruments and techniques has appeared endless, with many American mainstream corporate financing practices being adapted and adopted in global financial markets. The paper examines mortgages for residential properties and discusses what they are and how to obtain one.

Outline:
Introduction
History of Mortgages in Common Law
Traditional Mortgage Funding
Federal Housing Administration
Veteran's Assistance and Fannie Mae
The Development of Mortgage-Based Securities
What Are Mortgage-Based Securities?
Chapter Summary: Obtaining a Mortgage
Step-By-Step Guide
Funding For Commercial Real-Estate
References

From the Paper:

"A careful review of how capital can be raised on the stock market is beyond the scope of this chapter; however, it is important to note that there are two types of new issue by which this can be achieved. First, the bringing to the market of companies that have not previously been quoted. Second, the raising of additional capital by companies already quoted. The former will normally be effected by an 'offer for sale', whereby an institution such as a merchant bank buys a block of shares from the existing shareholders and offers them to the general public at a fixed price; by a 'placing', where an institution may buy the stock or shares and arrange for the placing of the issue with various funds or companies known to be interested; an 'introduction' when a company already has many individual shareholdings and Stock Exchange quotation simply provides a public market for shares that previously could only be dealt in privately; or a 'tender', which is exactly the same as an offer for sale except that the price of the shares is not fixed in advance."

Sample of Sources Used:

• Ball, M., Lizieri, C., & Macgregor, B. D. (1998). The economics of commercial property markets. London: Routledge.
• Black's law dictionary. (1990). St. Paul, MN: West Publishing Co.
• Burgess, G., Passmore, W., & Sherlund, S. M. (2005). The effect of housing government- sponsored enterprises on mortgage rates. Real Estate Economics, 33(3), 427.
• Geisst, C. R. (1990). Visionary capitalism: Financial markets and the American dream in the Twentieth Century. New York: Praeger Publishers.
• Koppell, J. G. (2001). Hybrid organizations and the alignment of interests: The case of Fannie Mae and Freddie Mac. Public Administration Review, 61(4), 468.

More papers on Real Estate Investments:

• Book Review # 68294 : "Real Estate Investment Advice"
• Essay # 39527 : "Real Estate Investment"
• Essay # 74230 : "Real Estate Investing"

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