Overview of Mortgages and Consumer Mortgage Market von Edu Pristine

Dozent des Vortrages Overview of Mortgages and Consumer Mortgage Market

Edu Pristine

Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, EduPristine is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, Operational Risk Modeling etc. It was founded by industry professionals who have worked in the area of investment banking and private equity in organizations such as Goldman Sachs, Crisil - A Standard & Poors Company, Standard Chartered and Accenture.

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... Calculate the mortgage payment factor. Understand the allocation of loan principal and interest over time for various ...

... called the primary market. A secondary market in mortgages is where some mortgages are pooled and securitized to be ready for trading between interested parties. ...

... seniority of the loan in that case. The lender has the first-lien status, which means that it would have the highest level of seniority on the proceeds of the liquidation of the property. Second-liens can either be closed and loans, that amortize over ...

... history of repayments. Subprime (B-Grade) loans. They have high loan to value (LTV) ratio. Borrowers with lower income levels and poor credit history. Alternative A-loans: Loans in between ...

... is calculated based on the loan balance, interest rate, and term to amortize the principal balance. The EMI is constant over the entire term but the allocation of the payment into interest and principal changes over time. Adjustable rate mortgages (ARMs): They have adjustable rates that are subject to change over the life of the loan; adjusted or reset periodically, ...

... in the market for fixed rate mortgages. This IO payment scheme is also used for hybrid ARMs. There is also a noncontiguous interest only hybrid ...

... by federal government agencies, e.g. Government National Mortgage Association. Conventional loans – These loans could be securitized by government sponsored ...

... Prepayment: Prepayment reduces the mortgage balance and amortization period. It can occur for number of reasons like when home is sold, refinancing at lower rates is available, partial ...

... mortgages as the principal is paid off over the term. The monthly payment can be calculated with the formula:  ...

... Interest Rate = 5%. Loan term = 25 years. Calculate the monthly ...

... In the initial years, the mortgage payment primarily consist of interest. Interest is calculated on declining principal balance, therefore the ...

... higher for the IO mortgage as compared to normal fixed rate mortgage. Amortizing ARM: Initial payment is calculated at the current rate. Whenever there is ...

... initial rate for short period of time. When the mortgage is recasted after 1 year, the minimum payment is increased but the increase may not exceed 7.5%. ...

... sale or destruction of property, lower refinancing rates available. Prepayment can also occur when the borrower has defaulted and property is ...

... classifies the loan as follows: 15 Payment Status Loan Status Payment due date to ...

... Loss Severity: Loss severity refers to the amount of loss that has occurred after the underlying asset ...