Real estate investment market / Sofia M. Lombardi, editor.

Format:

Book

Contributor:

Lombardi, Sofia M.

Series:

Financial institutions and services.

Financial institutions and services

Language:

English

Subjects (All):

Real estate investment.

Housing--Finance.

Housing.

Mortgage loans.

Physical Description:

1 online resource (203 p.)

Edition:

1st ed.

Place of Publication:

New York : Nova Science Publishers, Inc., c2010.

Language Note:

English

Summary:

Reviews data on real-estate investing including topics such as the investment characteristics of the housing market; real estate markets in developing sub-Saharan Africa; ascertaining whether the superiority of 'value' over 'growth' real estate investment is unsustainable; and, more.

Contents:

Intro

REAL ESTATE INVESTMENT MARKET

LIBRARY OF CONGRESS CATALOGING-IN-PUBLICATION DATA

CONTENTS

PREFACE

Chapter 1 ADDRESSING THE ONGOING CRISIS IN THE HOUSING AND FINANCIAL MARKETS

THE ECONOMY'S CONTINUING FINANCIAL PROBLEMS

THE NEED FOR A MULTIFACETED STRATEGY TO ADDRESS THE FINANCIAL CRISIS

Principles for Crafting a Strategy

Evidence from Other Crises

Possible Elements of a Rescue Strategy

Inject more equity into financial institutions

Address troubled assets

Provide credit directly

Assist troubled businesses and governments

Promoting Actions to Lessen the Number of Mortgage Foreclosures

THE BUDGETARY COSTS OF THE FINANCIAL RESCUE

Costs to the Taxpayer

The Federal Reserve

The Troubled Asset Relief Program

Purchases of Mortgage-Backed Securities

Fannie Mae and Freddie Mac

Other Agencies

Differences between CBO and the Administration in the Treatment of Policy Actions in the Budget

Chapter 2 VALUE VERSUS GROWTH REAL ESTATE INVESTMENT STRATEGY: IS THE WIN A FLASH IN THE PAN?

ABSTRACT

INTRODUCTION

LITERATURE REVIEW

Rationale for Superior Performance of Contrarian Strategies

DATA SOURCING AND MANAGEMENT

THE CONTRARIAN STRATEGY MODEL

Performance in 'Bad' States of the World

STOCHASTIC DOMINANCE

Stochastic Dominance Criteria

EMPIRICAL MODEL ESTIMATION - A TEST OF THE EXTRAPOLATION MODEL

Variance Ratio Test

Performance of the Contrarian Strategy

Is The Superior Performance of Contrarian Strategy a Compensation for Higher Risk?

POST-MODEL ESTIMATION - A TEST OF THE EXTRAPOLATION MODEL

CONCLUSION

REFERENCES.

Chapter 3 RESTRUCTURING REAL ESTATE MARKET INFORMATION MANAGEMENT TO FACILITATE LAND-BASED INVESTMENT ACTIVITIES IN GHANA

TYPES OF LAND REGISTRATION SYSTEMS

REAL ESTATE OWNERSHIP INFORMATION SYSTEMS IN GHANA

RESEARCH METHODOLOGY

PRESENTATION OF DATA AND DISCUSSION

Delays

The Policy Induced Asymmetry

The Costs of Real Estate Documentation Requests

The Costs of Servicing Documentation Requests

The Budget Share

The Size of the Personnel Roster

IMPLICATIONS

REFERENCES

Chapter 4 INVESTMENT CHARACTERISTICS OF HOUSING MARKET: FOCUSING ON THE STICKINESS OF HOUSING RENT

1. BACKGROUND TO REAL-ESTATE INVESTMENT MARKET

2. CHARACTERISTICS OF HOUSING MARKET

2.1. Investment Characteristics of Housing Market

2.2. Statistical Characteristics of Housing Market

3. MACROSCALE CHANGES IN HOUSING RENT AND HOUSE PRICES AND THE STICKINESS OF HOUSING RENT

3.1. Macroscale Changes in House Prices, Housing Rent, and CPI Housing Rent

3.2. Mechanism of Changes in Housing Rent

3.3. Frequency of Adjustments and Stickiness of Housing Rent

4. IMPLICATIONS FOR HOUSING INVESTMENT MARKET

Conclusion 1. Inflation Hedge Function

Conclusion 2. Relationship with Interest Rate Risk

Conclusion 3. Stability of Housing Rent

Conclusion 4. Problem Associated with Depreciation with age of Building

Conclusion 5. Problem Associated with Adjustment of Rent

Conclusion 6. Independence of Economic Environment

Chapter 5 FANNIE MAE AND FREDDIE MAC: CHANGES TO THE REGULATION OF THEIR MORTGAGE PORTFOLIOS

SUMMARY

BACKGROUND

GSE RISKS

THE ROLE OF PORTFOLIOS UNDER CONSERVATORSHIP

GSE MORTGAGE PORTFOLIOS

Linking Limits to Subprime Refinances

Loans Related to a Public Policy Goal

Risk Elements

CONCLUSION.

Chapter 6 OVERVIEW OF THE SECURITIES ACT OF 1933 AS APPLIED TO PRIVATE LABEL MORTGAGE-BACKED SECURITIES

SECURITIES ACT REGISTRATION FOR PRIVATE LABEL MORTGAGE-BACKED SECURITIES

The Registration Statement for Private Label MBSs

Shelf-Registration

Regulation AB

Exemptions

Private Placement Offerings (Regulation D)

Rule 504

Rule 505

Rule 506

Section 4(6) of the Securities Act

Rule 144A

Section 28

PRIVATE RIGHTS OF ACTION UNDER THE SECURITIES ACT

Section 11 Civil Liability for a False Registration Statement

MBS Suits

Defenses

Section 12 Civil Liability Arising in Connection with Prospectuses and Communications

Section 12(a)(1)

Section 12(a)(2)

Section 15 Liability of Controlling Persons

SEC ENFORCEMENT OF THE SECURITIES ACT

Chapter 7 EXAMINING THE CONTINUING CRISIS IN RESIDENTIAL FORECLOSURES AND THE EMERGING COMMERCIAL REAL ESTATE CRISIS: PERSPECTIVES FROM ATLANTA

CONDITIONS IN FINANCIAL MARKETS AND THE ECONOMY

PERFORMANCE OF THE BANKING SYSTEM

CURRENT CONDITIONS IN COMMERCIAL REAL ESTATE MARKETS

FEDERAL RESERVE ACTIVITIES TO HELP REVITALIZE CREDIT MARKETS

AVAILABILITY OF CREDIT

Chapter 8 SHORT COMMUNICATION: DIVERSIFICATION IN LISTED REAL ESTATE INVESTMENT FUND REPORTING IN SOUTH AFRICA

DIVERSIFICATION LOGIC

DIVERSIFICATION CATEGORIES IN ANNUAL REPORTS

FOCUS AS AN ALTERNATIVE TO DIVERSIFICATION

Chapter 9 SHOULD BANKING POWERS EXPAND INTO REAL ESTATE BROKERAGE AND MANAGEMENT?

FRAMEWORK OF LEGISLATION AND REGULATION

PROPOSED BROKERAGE AND MANAGEMENT REGULATION

Arguments Concerning the Nature of the Industries

Favoring the Proposal

Opposing the Proposal.

Arguments Concerning Customers (Consumers/Businesses)

Opposing the Proposal

DEVELOPMENTS AND LEGISLATION

2003

2004

2005

2006

2007

Chapter 10 EMERGING ECONOMIES AND SECONDARY MORTGAGE MARKETS

PARAMETERS OF A GOOD HOUSING FINANCE SYSTEM

CHAPTER SOURCES

INDEX.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (Site, viewed (02/03/21).

ISBN:

1-61728-343-6

OCLC:

923662178