finance-8e

1. Real Estate
Finance
Unit 12: Underwriting

2. Unit 12: Underwriting
What Lenders Look For
 Capacity
 Character
 Collateral

3. Unit 12: Underwriting
Underwriting
 Underwriting Guidelines
 Loan-to-Value Ratios
 Down Payment Guidelines
 Debt-to-Income Ratios

4. Unit 12: Underwriting
Underwriting
 Underwriting the Borrower
 Ability-to-Repay Rule
 Ability to Repay Underwriting Factors
 Current or Reasonably Expected Income or Assets
 Current Employment Status
 Monthly Payments on the Covered Transaction
 Monthly Payments on a Simultaneous Loans
 Monthly Payments for Mortgage-Related Obligations
 Current Debt Obligations, Alimony, Child Support
 Monthly Debt-To-Income Ratio or Residual Income
 Credit History Information

5. Unit 12: Underwriting
Underwriting
 Underwriting the Borrower
 Ability-to-Repay Rule
 Verification Using Third-Party Records
 Verifying Income and Assets
 Verifying Employment Status
 Verifying Mortgage-Related Obligations
 Verifying Debts

6. Unit 12: Underwriting
Underwriting
 Underwriting the Borrower
 Qualified Mortgages
 Standard Qualified Mortgages
 Temporary Alternative Definition of Qualified Mortgages

7. Unit 12: Underwriting
Underwriting
 Underwriting the Property
 Appraising the Property
 Appraisal Approaches to Value
 Reporting Options