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Sources of Funds

Real Estate Finance Chapter 5
Across
Invests in real estate; income derived from rents or sale of property
A bond purchased at a discount and redeemed after a stated period of time for full value; patterned after World War 2 savings bonds
Many insurance companies try to enhance the profitability and safety of their position by insisting on equity positions in any major commercial project they finance. A condition for such a loan, the company requires a partnership arrangement with the project developer.
Was designed to provide more consumer protection and reduce fraud by encouraging states to establish minimum standards for the licensing and registration of state-licensed mortgage loan originators (MLOs).
Primary lenders that manage and guard entrusted funds over time
A mortgage loan company that originates, services, and sells loans to investors
Lends money for mortgages or purchases mortgages or mortgage-backed securities; income derived from interest earned
Funds committed by a commercial bank that mortgage brokers can draw on, enabling them to close individual home loans that may become part of a larger package
Fee charged by a lender to cover costs of originating the loan; frequently 1% of the loan amount
An agent of a lender who brings the lender and borrower together. The broker receives a fee for this service.
Down
System of financing in which the community is held responsible for making payments for capitol improvements, usually included in property taxes
Bonds issued by a municipality, county, or state to finance community improvements
Any type of secondary (or tertiary) loan where there is a first mortgage in place
Combines equity REITs and mortgage REITs by investing in both property and mortgage
Bonds issued to a specific owner that cannot be transferred without the owner's endorsement; interest is paid to the last registered owner
Interest paid to any person having the bonds in the person's possession
Trust ownership of real estate by a group of individuals who purchase certificates of ownership in the trust, which in turn invests the money of real property and distributes the profits back to the investors free of corporate income tax
A generic term for a savings association