This document describes North Star Lending's fixed rate interest-only mortgage product. It offers 30 and 40 year fixed rate mortgages with an interest-only payment period for the first 10 years, then fully amortizing for the remaining term. It provides loan-to-value limits, qualifying criteria, eligible property types, occupancy types, and underwriting guidelines for the product.
The document summarizes KeyBanc Capital Markets' analysis of the truckload industry. Some key points:
1) They are raising estimates for trucking companies based on stronger than expected freight activity and positive commentary on pricing trends.
2) Freight volumes have strengthened in March and initial contract rate increases are at the high end of expectations.
3) Capacity remains balanced to tight, supporting further pricing gains, though driver wages are a concern.
4) Consensus estimates for truckers' 1Q2012 earnings are likely conservative given seasonal trends.
KeyBanc maintains a positive outlook on the industry and reiterates "Buy" ratings on three companies.
This Good Faith Estimate provides borrowers with estimates of settlement charges and loan terms for a potential loan. It includes:
1) Key loan details like the loan amount, interest rate, monthly payment amount.
2) Estimated settlement charges categorized into origination charges and other settlement service charges.
3) Information on prepayment penalties, escrow accounts, interest rate adjustments.
4) Instructions for comparing the GFE to the final HUD-1 settlement statement.
This Good Faith Estimate provides borrowers with estimates of settlement charges and loan terms for a potential loan. It includes:
1) Key loan details like the loan amount, interest rate, monthly payment amount.
2) Estimated settlement charges categorized into origination charges and other settlement service charges.
3) Information on prepayment penalties, escrow accounts, interest rate adjustments.
4) Instructions for comparing the GFE to the final HUD-1 settlement statement.
Here are the key points about transferring a tenancy:
- Subletting is when a tenant rents their unit to a third party for part of the lease term. This is usually not allowed without permission from the landlord.
- Assignment is when a tenant transfers the remainder of their rental contract to someone else. This also typically requires permission from the landlord.
- In most rental agreements, neither subletting nor assignment are allowed without approval from the landlord. Tenants seeking to transfer their tenancy before the end of the lease term need to get permission.
- If tenants want to leave permanently before the lease ends, like moving abroad, they generally cannot force the landlord to take over the new tenants. The original tenants
This document provides guidance for homeowners who are unable to meet their mortgage repayments. It outlines key steps to take such as speaking to your mortgage lender as soon as possible, getting money advice from specialist agencies, and paying what you can afford even if it's not the full amount due. The document also discusses potential financial help options from insurance policies, state benefits, and government schemes. It answers common questions about the complaint process and legal actions. The overall message is to act now, explore all available options for assistance, and avoid rash decisions like taking on more debt without advice.
1. The US mortgage market has grown significantly over time, with mortgage debt outstanding growing to over $8 trillion as of 2004, roughly doubling as a percentage of disposable personal income since 1980.
2. Mortgages are originated by a variety of retail institutions and are often sold on the secondary market, with government sponsored entities like Fannie Mae and Freddie Mac securitizing lower risk mortgages that meet certain criteria.
3. The aggregate loan-to-value ratio for owner-occupied housing has increased less sharply than other debt measures and has not increased much since the mid-1990s.
The document summarizes KeyBanc Capital Markets' analysis of the truckload industry. Some key points:
1) They are raising estimates for trucking companies based on stronger than expected freight activity and positive commentary on pricing trends.
2) Freight volumes have strengthened in March and initial contract rate increases are at the high end of expectations.
3) Capacity remains balanced to tight, supporting further pricing gains, though driver wages are a concern.
4) Consensus estimates for truckers' 1Q2012 earnings are likely conservative given seasonal trends.
KeyBanc maintains a positive outlook on the industry and reiterates "Buy" ratings on three companies.
This Good Faith Estimate provides borrowers with estimates of settlement charges and loan terms for a potential loan. It includes:
1) Key loan details like the loan amount, interest rate, monthly payment amount.
2) Estimated settlement charges categorized into origination charges and other settlement service charges.
3) Information on prepayment penalties, escrow accounts, interest rate adjustments.
4) Instructions for comparing the GFE to the final HUD-1 settlement statement.
This Good Faith Estimate provides borrowers with estimates of settlement charges and loan terms for a potential loan. It includes:
1) Key loan details like the loan amount, interest rate, monthly payment amount.
2) Estimated settlement charges categorized into origination charges and other settlement service charges.
3) Information on prepayment penalties, escrow accounts, interest rate adjustments.
4) Instructions for comparing the GFE to the final HUD-1 settlement statement.
Here are the key points about transferring a tenancy:
- Subletting is when a tenant rents their unit to a third party for part of the lease term. This is usually not allowed without permission from the landlord.
- Assignment is when a tenant transfers the remainder of their rental contract to someone else. This also typically requires permission from the landlord.
- In most rental agreements, neither subletting nor assignment are allowed without approval from the landlord. Tenants seeking to transfer their tenancy before the end of the lease term need to get permission.
- If tenants want to leave permanently before the lease ends, like moving abroad, they generally cannot force the landlord to take over the new tenants. The original tenants
This document provides guidance for homeowners who are unable to meet their mortgage repayments. It outlines key steps to take such as speaking to your mortgage lender as soon as possible, getting money advice from specialist agencies, and paying what you can afford even if it's not the full amount due. The document also discusses potential financial help options from insurance policies, state benefits, and government schemes. It answers common questions about the complaint process and legal actions. The overall message is to act now, explore all available options for assistance, and avoid rash decisions like taking on more debt without advice.
1. The US mortgage market has grown significantly over time, with mortgage debt outstanding growing to over $8 trillion as of 2004, roughly doubling as a percentage of disposable personal income since 1980.
2. Mortgages are originated by a variety of retail institutions and are often sold on the secondary market, with government sponsored entities like Fannie Mae and Freddie Mac securitizing lower risk mortgages that meet certain criteria.
3. The aggregate loan-to-value ratio for owner-occupied housing has increased less sharply than other debt measures and has not increased much since the mid-1990s.
This document provides information about the Homeowners Mortgage Support (HMS) program, which allows struggling homeowners to delay some monthly interest payments on their mortgage for up to two years. It explains that HMS is for those whose income has temporarily dropped, and that applicants must commit to paying at least 50% of the monthly interest due and eventually repaying all postponed amounts. The document also outlines eligibility requirements and provides examples of homeowners who may or may not qualify for the program.
1. Most Americans are not financially capable and have strikingly low levels of financial literacy.
2. Lack of financial literacy and capability creates instability at both the micro and macro levels by leading many to engage in risky financial behaviors that generate fees and costs and leave them vulnerable to economic shocks.
3. The study found many homeowners did not understand their mortgage terms and a significant portion used high-cost borrowing methods, indicating financial illiteracy played a role in the financial crisis.
The document outlines examples of good practices for interest-only mortgages identified by the Financial Services Authority. It discusses checking the plausibility of repayment strategies, implementing extra safeguards for riskier strategies like selling the mortgaged property, using clear proposal forms to document strategies, effective disclosure of risks to consumers, and proactively reviewing maintenance of repayment vehicles.
Money+Made+Clear+Guide+ +Mortgage+Shortfallwindiee Green
Here are some potential answers to common questions people may have about dealing with a mortgage shortfall:
retirement age, lenders will allow you
to switch any remaining debt to an I’m worried about the effect of
interest-only basis for the rest of the interest rate rises on my ability to
Question: What if I can't afford to increase my monthly payments? term. This means your payments won't pay off my mortgage shortfall. Is
increase further. there anything I can do?
Answer: Speak to your lender about extending the term of your mortgage so the monthly payments stay the same, or switch part of your mortgage to repayment to limit the increase. You could also
This document summarizes research on the formulation and evaluation of a matrix-type transdermal delivery system for ondansetron hydrochloride (OSH) using the solvent casting technique. Various transdermal patches were prepared with different ratios of hydrophilic and hydrophobic polymers, plasticizers, and penetration enhancers. The patches were evaluated for physical properties and drug permeation. Ex vivo studies found that formulations containing the penetration enhancer menthol showed the best permeation of OSH through rat skin. The optimized formulation (F17) showed diffusion-controlled drug release, indicating suitability for transdermal delivery of OSH.
This document analyzes interest-only/principal-only (IO/PO) mortgage-backed securities. It finds that:
1) The PO security has much longer duration than the underlying mortgage pool and is highly sensitive to interest rate increases. In contrast, the IO security typically has negative duration and increases in value when rates rise.
2) A contingent-claims valuation model shows that IO values fall and PO values rise dramatically as rates approach the optimal prepayment point.
3) While risky, IO/PO securities can provide hedging opportunities for investors due to their differing interest rate sensitivities. However, their valuation depends on assumptions about prepayment behavior.
4) Market prices of traded
This document discusses interest-only mortgages in the UK, specifically those without a known repayment vehicle. It finds that about a quarter of new mortgages are interest-only, and around 17% of first-time buyers choose this option. However, analysis shows that interest-only borrowers typically have similar or higher incomes than capital repayment borrowers, suggesting affordability is not the main driver. While some interest-only borrowers may be using lump-sum repayments or home price appreciation to repay the principal, overall motivations remain unclear without further research. The Financial Services Authority has expressed concern about the volumes of interest-only lending without plans for repayment.
This document provides information about deducting home mortgage interest on tax returns. It discusses what qualifies as a secured debt, qualified home, and fully deductible interest. For most mortgages, homeowners can deduct all of their interest payments. However, for some mortgages the deduction may be limited based on the date and purpose of the loan. The document provides worksheets and guidelines to help determine if interest payments are fully deductible or if the limits in Part II need to be considered.
ULI Los Angeles DEBT Where to find it in 2010Bob Eidson
This is a presentation I prepared for a ULI LA Education Event "DEBT: Where to find it in 2010." We brought 4 institutional scale lenders together, to respond to 4 loan request scenarios. If the CMBS market grows 10x in 2010, then it will only accomodate 3% of maturities. Debt will still come from Life Cos, Banks (recourse & non-recourse), and Mezz lenders
This document outlines jumbo and niche loan programs from BMG Exclusive Products. The jumbo program offers loans up to $1.5 million with a variety of LTV, FICO, and property types. Niche programs include Georgia Power leaseholds, log homes, properties with more than 4 financed, non-warrantable condos, and self-employed full documentation loans using 24 months of bank statements. Guidelines specify requirements for bank statement, business documentation, reserves, and appraisals. Caveats include pricing, no gifts, specific title and closing requirements, ARM products only, and geographic limitations.
This document outlines mortgage loan programs with varying interest rates and points based on the borrower's credit grade and loan-to-value ratio. It provides the minimum credit score, maximum debt-to-income ratio, acceptable property types, documentation requirements, and additional terms for each credit grade which ranges from A to B-. It also notes add-on fees and available rate reductions for certain loan characteristics.
This document provides information about U.S. Bank's construction to permanent financing program for real estate agents, including expanding to 90% LTV. It offers one closing, disbursement of construction funds, interest only payments during construction, and modification to a fully amortizing ARM upon completion. Eligible properties and LTVs are listed for primary residences up to $3 million and second homes up to $1.5 million. The agent states their experience in construction financing and readiness to explain U.S. Bank's product options.
This document provides guidelines for various loan programs, including guidelines for loan-to-value (LTV) ratios, combined loan-to-value (CLTV) ratios, minimum credit scores, maximum loan amounts, debt-to-income ratios, required documentation, reserves requirements, and other underwriting criteria. It includes matrices that specify the requirements for different loan programs depending on the borrower's credit score, including programs for first and second trust deeds. The document also provides guidance on appraisal requirements, credit history and derogatory credit guidelines, bankruptcy and foreclosure requirements, tax and judgment liens, gift and closing cost policies, and state-specific restrictions.
This document provides information about FHA Title 1 Home Improvement Loans offered through Admirals Bank. It offers secured loans up to $25,000 and unsecured loans up to $7,500, both with fixed interest rates depending on credit score and term. It requires a minimum credit score of 650, debt-to-income ratio below 45%, and loan funds can only be used for home improvements, not debt consolidation. The process involves applying over the phone or online and being pre-approved within minutes, with funds received within 11-12 days.
This document provides eligibility requirements for loans delivered to Fannie Mae, including maximum loan-to-value (LTV), combined LTV (CLTV), and home equity combined LTV (HCLTV) ratios. It includes requirements for various transaction types (purchase, refinance, etc.), property types (principal residence, second home, investment property), and underwriting methods (Desktop Underwriter and manual underwriting). The document also provides minimum credit score and reserve requirements. Exceptions to the requirements are noted on pages 8-9.
New home buying seminar riddell and duncanswbcmarketing
This document provides an overview of the home buying process from obtaining mortgage pre-approval through closing on a new home. It outlines the key steps, including securing pre-approval, finding a home, making an offer, inspections, appraisal, underwriting, and closing. It also provides details on FHA and conventional financing options, down payment assistance programs, and requirements regarding credit, income, and property eligibility. The document was produced by SWBC Mortgage Corporation to guide first-time home buyers through their pathway to home ownership.
Loan-Level Price Adjustment (LLPA) Matrix
This document provides the LLPAs applicable to loans delivered to Fannie. LLPAs are assessed based upon certain eligibility or other loan features, such as credit score, loan purpose, occupancy, number of units, product type, etc. Special feature codes (SFCs) that are required when delivering loans with these features are listed next to the applicable LLPAs. Not all loans will be eligible for the features described in this Matrix and unless otherwise noted, FHA, VA, Rural Development (RD) Section 502 Mortgages, HUD Section 184 Mortgages, and matured balloon mortgages (refinanced or modified, per Servicing Guide requirements) redelivered as fixed-rate mortgages (FRMs) are excluded from these LLPAs. This Matrix is incorporated by reference into the Selling Guide, and the related Selling Guide provision or Selling Guide announcement governs if there is an inconsistency. Refer to the Selling Guide, Eligibility Matrix, and your contracts with Fannie Mae to determine loan eligibility.
The document discusses Conforming Expanded Criteria loan programs that offer flexible documentation options for qualifying borrowers. It provides details on three documentation types - SIVA, No Ratio, and NINA - that allow borrowers to qualify with stated but not verified income and assets. Several hypothetical borrower scenarios are presented to illustrate how different borrower types could benefit from the available documentation options.
Great property opportunity - Property trust deleveraging with strata opportunity to abitrage on cap rates - minimum investment $500K - IRR expectation 50%
Fha Home Improvement Lending Admirals Powerpointxlyonx
This document provides information about FHA Title 1 Home Improvement Loans offered through Admirals Bank. It summarizes the key details of the loan programs including:
- Loan amounts of up to $25,000 for secured loans and up to $7,500 for unsecured loans, both with fixed interest rates ranging from 6.95-13.95% depending on loan term and borrower credit score.
- Loan terms of 5, 7, 10, 15, and 20 years for secured loans and 5, 7, and 10 years for unsecured loans.
- Qualification based on a middle credit score of 650 or higher and a debt-to-income ratio of 45% or less.
Real Estate Finance 301: Raising Capital in Today’s Economy – Strategies and ...Virtual ULI
The document summarizes debt and equity sources for different types of industrial real estate projects:
1) Speculative projects have high leverage debt of 60% LTV with tough underwriting terms. Equity comes from pension funds, REITs, and private money seeking 20% returns.
2) Value-added projects have debt of 60% LTV with shorter recourse terms and higher rates, or non-recourse terms of 6-8%. Equity seeks 10-20% returns by buying buildings below replacement cost.
3) Build-to-suit projects have 70% LTC debt with 2 year terms at LIBOR + 275 basis points, while equity seeks 15% returns.
This document provides information about FHA Title 1 Home Improvement Loans offered through Admirals Bank. It outlines the program overview including loan amounts up to $25,000 secured or $7,500 unsecured with terms from 5-20 years and fixed interest rates from 6.95-13.95%. It details the loan qualification process, required documentation, and application process which can be completed online or over the phone for pre-approval within minutes and funds disbursed within 11-12 days. Rate matrices are provided based on credit score and loan term for both secured and unsecured loans.
This document provides information about the Homeowners Mortgage Support (HMS) program, which allows struggling homeowners to delay some monthly interest payments on their mortgage for up to two years. It explains that HMS is for those whose income has temporarily dropped, and that applicants must commit to paying at least 50% of the monthly interest due and eventually repaying all postponed amounts. The document also outlines eligibility requirements and provides examples of homeowners who may or may not qualify for the program.
1. Most Americans are not financially capable and have strikingly low levels of financial literacy.
2. Lack of financial literacy and capability creates instability at both the micro and macro levels by leading many to engage in risky financial behaviors that generate fees and costs and leave them vulnerable to economic shocks.
3. The study found many homeowners did not understand their mortgage terms and a significant portion used high-cost borrowing methods, indicating financial illiteracy played a role in the financial crisis.
The document outlines examples of good practices for interest-only mortgages identified by the Financial Services Authority. It discusses checking the plausibility of repayment strategies, implementing extra safeguards for riskier strategies like selling the mortgaged property, using clear proposal forms to document strategies, effective disclosure of risks to consumers, and proactively reviewing maintenance of repayment vehicles.
Money+Made+Clear+Guide+ +Mortgage+Shortfallwindiee Green
Here are some potential answers to common questions people may have about dealing with a mortgage shortfall:
retirement age, lenders will allow you
to switch any remaining debt to an I’m worried about the effect of
interest-only basis for the rest of the interest rate rises on my ability to
Question: What if I can't afford to increase my monthly payments? term. This means your payments won't pay off my mortgage shortfall. Is
increase further. there anything I can do?
Answer: Speak to your lender about extending the term of your mortgage so the monthly payments stay the same, or switch part of your mortgage to repayment to limit the increase. You could also
This document summarizes research on the formulation and evaluation of a matrix-type transdermal delivery system for ondansetron hydrochloride (OSH) using the solvent casting technique. Various transdermal patches were prepared with different ratios of hydrophilic and hydrophobic polymers, plasticizers, and penetration enhancers. The patches were evaluated for physical properties and drug permeation. Ex vivo studies found that formulations containing the penetration enhancer menthol showed the best permeation of OSH through rat skin. The optimized formulation (F17) showed diffusion-controlled drug release, indicating suitability for transdermal delivery of OSH.
This document analyzes interest-only/principal-only (IO/PO) mortgage-backed securities. It finds that:
1) The PO security has much longer duration than the underlying mortgage pool and is highly sensitive to interest rate increases. In contrast, the IO security typically has negative duration and increases in value when rates rise.
2) A contingent-claims valuation model shows that IO values fall and PO values rise dramatically as rates approach the optimal prepayment point.
3) While risky, IO/PO securities can provide hedging opportunities for investors due to their differing interest rate sensitivities. However, their valuation depends on assumptions about prepayment behavior.
4) Market prices of traded
This document discusses interest-only mortgages in the UK, specifically those without a known repayment vehicle. It finds that about a quarter of new mortgages are interest-only, and around 17% of first-time buyers choose this option. However, analysis shows that interest-only borrowers typically have similar or higher incomes than capital repayment borrowers, suggesting affordability is not the main driver. While some interest-only borrowers may be using lump-sum repayments or home price appreciation to repay the principal, overall motivations remain unclear without further research. The Financial Services Authority has expressed concern about the volumes of interest-only lending without plans for repayment.
This document provides information about deducting home mortgage interest on tax returns. It discusses what qualifies as a secured debt, qualified home, and fully deductible interest. For most mortgages, homeowners can deduct all of their interest payments. However, for some mortgages the deduction may be limited based on the date and purpose of the loan. The document provides worksheets and guidelines to help determine if interest payments are fully deductible or if the limits in Part II need to be considered.
ULI Los Angeles DEBT Where to find it in 2010Bob Eidson
This is a presentation I prepared for a ULI LA Education Event "DEBT: Where to find it in 2010." We brought 4 institutional scale lenders together, to respond to 4 loan request scenarios. If the CMBS market grows 10x in 2010, then it will only accomodate 3% of maturities. Debt will still come from Life Cos, Banks (recourse & non-recourse), and Mezz lenders
This document outlines jumbo and niche loan programs from BMG Exclusive Products. The jumbo program offers loans up to $1.5 million with a variety of LTV, FICO, and property types. Niche programs include Georgia Power leaseholds, log homes, properties with more than 4 financed, non-warrantable condos, and self-employed full documentation loans using 24 months of bank statements. Guidelines specify requirements for bank statement, business documentation, reserves, and appraisals. Caveats include pricing, no gifts, specific title and closing requirements, ARM products only, and geographic limitations.
This document outlines mortgage loan programs with varying interest rates and points based on the borrower's credit grade and loan-to-value ratio. It provides the minimum credit score, maximum debt-to-income ratio, acceptable property types, documentation requirements, and additional terms for each credit grade which ranges from A to B-. It also notes add-on fees and available rate reductions for certain loan characteristics.
This document provides information about U.S. Bank's construction to permanent financing program for real estate agents, including expanding to 90% LTV. It offers one closing, disbursement of construction funds, interest only payments during construction, and modification to a fully amortizing ARM upon completion. Eligible properties and LTVs are listed for primary residences up to $3 million and second homes up to $1.5 million. The agent states their experience in construction financing and readiness to explain U.S. Bank's product options.
This document provides guidelines for various loan programs, including guidelines for loan-to-value (LTV) ratios, combined loan-to-value (CLTV) ratios, minimum credit scores, maximum loan amounts, debt-to-income ratios, required documentation, reserves requirements, and other underwriting criteria. It includes matrices that specify the requirements for different loan programs depending on the borrower's credit score, including programs for first and second trust deeds. The document also provides guidance on appraisal requirements, credit history and derogatory credit guidelines, bankruptcy and foreclosure requirements, tax and judgment liens, gift and closing cost policies, and state-specific restrictions.
This document provides information about FHA Title 1 Home Improvement Loans offered through Admirals Bank. It offers secured loans up to $25,000 and unsecured loans up to $7,500, both with fixed interest rates depending on credit score and term. It requires a minimum credit score of 650, debt-to-income ratio below 45%, and loan funds can only be used for home improvements, not debt consolidation. The process involves applying over the phone or online and being pre-approved within minutes, with funds received within 11-12 days.
This document provides eligibility requirements for loans delivered to Fannie Mae, including maximum loan-to-value (LTV), combined LTV (CLTV), and home equity combined LTV (HCLTV) ratios. It includes requirements for various transaction types (purchase, refinance, etc.), property types (principal residence, second home, investment property), and underwriting methods (Desktop Underwriter and manual underwriting). The document also provides minimum credit score and reserve requirements. Exceptions to the requirements are noted on pages 8-9.
New home buying seminar riddell and duncanswbcmarketing
This document provides an overview of the home buying process from obtaining mortgage pre-approval through closing on a new home. It outlines the key steps, including securing pre-approval, finding a home, making an offer, inspections, appraisal, underwriting, and closing. It also provides details on FHA and conventional financing options, down payment assistance programs, and requirements regarding credit, income, and property eligibility. The document was produced by SWBC Mortgage Corporation to guide first-time home buyers through their pathway to home ownership.
Loan-Level Price Adjustment (LLPA) Matrix
This document provides the LLPAs applicable to loans delivered to Fannie. LLPAs are assessed based upon certain eligibility or other loan features, such as credit score, loan purpose, occupancy, number of units, product type, etc. Special feature codes (SFCs) that are required when delivering loans with these features are listed next to the applicable LLPAs. Not all loans will be eligible for the features described in this Matrix and unless otherwise noted, FHA, VA, Rural Development (RD) Section 502 Mortgages, HUD Section 184 Mortgages, and matured balloon mortgages (refinanced or modified, per Servicing Guide requirements) redelivered as fixed-rate mortgages (FRMs) are excluded from these LLPAs. This Matrix is incorporated by reference into the Selling Guide, and the related Selling Guide provision or Selling Guide announcement governs if there is an inconsistency. Refer to the Selling Guide, Eligibility Matrix, and your contracts with Fannie Mae to determine loan eligibility.
The document discusses Conforming Expanded Criteria loan programs that offer flexible documentation options for qualifying borrowers. It provides details on three documentation types - SIVA, No Ratio, and NINA - that allow borrowers to qualify with stated but not verified income and assets. Several hypothetical borrower scenarios are presented to illustrate how different borrower types could benefit from the available documentation options.
Great property opportunity - Property trust deleveraging with strata opportunity to abitrage on cap rates - minimum investment $500K - IRR expectation 50%
Fha Home Improvement Lending Admirals Powerpointxlyonx
This document provides information about FHA Title 1 Home Improvement Loans offered through Admirals Bank. It summarizes the key details of the loan programs including:
- Loan amounts of up to $25,000 for secured loans and up to $7,500 for unsecured loans, both with fixed interest rates ranging from 6.95-13.95% depending on loan term and borrower credit score.
- Loan terms of 5, 7, 10, 15, and 20 years for secured loans and 5, 7, and 10 years for unsecured loans.
- Qualification based on a middle credit score of 650 or higher and a debt-to-income ratio of 45% or less.
Real Estate Finance 301: Raising Capital in Today’s Economy – Strategies and ...Virtual ULI
The document summarizes debt and equity sources for different types of industrial real estate projects:
1) Speculative projects have high leverage debt of 60% LTV with tough underwriting terms. Equity comes from pension funds, REITs, and private money seeking 20% returns.
2) Value-added projects have debt of 60% LTV with shorter recourse terms and higher rates, or non-recourse terms of 6-8%. Equity seeks 10-20% returns by buying buildings below replacement cost.
3) Build-to-suit projects have 70% LTC debt with 2 year terms at LIBOR + 275 basis points, while equity seeks 15% returns.
This document provides information about FHA Title 1 Home Improvement Loans offered through Admirals Bank. It outlines the program overview including loan amounts up to $25,000 secured or $7,500 unsecured with terms from 5-20 years and fixed interest rates from 6.95-13.95%. It details the loan qualification process, required documentation, and application process which can be completed online or over the phone for pre-approval within minutes and funds disbursed within 11-12 days. Rate matrices are provided based on credit score and loan term for both secured and unsecured loans.
This document provides information about FHA Title 1 Home Improvement Loans offered through Admirals Bank. It outlines the program overview including loan amounts up to $25,000 secured or $7,500 unsecured with terms from 5-20 years and fixed interest rates from 6.95-13.95%. It details the loan qualification process, required documentation, and application process which can be completed online or over the phone for pre-approval within minutes and funds disbursed within 11-12 days. Rate matrices are provided based on credit score and loan term for both secured and unsecured loans.
FHA Title 1 Home Improvement Loans offered by Admirals Bank provide financing for home improvement projects. Loans of up to $25,000 can be secured by a lien on the property with interest rates from 6.95-11.95%, depending on loan term and borrower credit score. Unsecured loans up to $7,500 have variable interest rates from 7.95-13.95%. Funds are disbursed before work begins and can only be used for home improvements, not debt consolidation. Borrowers must have a minimum middle credit score of 650 and debt-to-income ratio below 45% to qualify. The application process can be completed within minutes and funds distributed within 11-12 days.
This document discusses accounting issues related to troubled debt restructurings (TDRs) and allowance for loan losses. It covers the differences between loan modifications and TDRs, accounting for TDRs including impairment measurement, and components of the allowance for loan losses such as historical loss rates, impaired loans, and qualitative factors. Regulatory reporting considerations for TDRs and ensuring adequate allowance levels are also addressed.
The document provides an overview and update on the Making Home Affordable Plan. It discusses that through August 2009, over 570,000 homeowners have received loan modifications through the Home Affordable Modification Program. However, the House Financial Services Committee wants to see more conversions of trial modifications by November 1st. It also outlines recent program updates, participation from large servicers, documentation requirements, and eligibility criteria to provide context on the plan from a housing counselor's perspective.
This document outlines several non-prime residential lending programs, including 24-month bank statement programs up to 85% LTV with no tax transcripts required. It also describes stated income loans for business purposes, foreign nationals, and investment properties from $100,000 to $1,000,000. Finally, it provides details on Maggie loans up to $3,000,000 for wage earners and self-employed individuals using bank statements, with no tax transcripts and only 2 years of seasoning for bankruptcies, foreclosures, and short sales.
Pag-IBIG Housing Loan Program presentation as of October 2020. Details on availing a housing loan with Pag-IBIG / HDMF can be found on this presentation. Thanks!
Similar to Nsl Product Guide Fixed Rate Interest Only (20)
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
1. NORTH STAR LENDING FIXED RATE INTEREST ONLY MORTGAGE
1.PRODUCT • Conventional Conforming 30 or 40 Year Fixed rate.
DESCRIPTION • Product Options
30 year Fixed Rate Interest‐only payment for first 10 years. Fully amortized over the remaining years.
40 year Fixed Rate Interest‐only payment for first 10 years. Fully amortized over the remaining years.
• Select “Interest Only” in the repayment type field in the Additional Data screen in Desktop Underwriter.
2.PRODUCT CODES • AIF30, 30 Yr Fixed Rate Interest Only(10‐year IO)
• AIF40, 40 Yr Fixed Rate Interest Only(10‐year IO)
3.TEMPORARY Annual
BUYDOWNS • Primary Residence & Second Homes
• Purchase and Rate & Term Refinances
• Maximum 1% per year
• Maximum 3% below note rate
• Refer to #7 Loan Amount and LTV Limitations for maximum LTV/CLTV
4.QUALIFYING Qualifying Rate (including Buydowns)
RATE AND RATIOS • Qualify using PITI at fully amortized repayment schedule, using note rate.*
• *Complies with Minnesota state restriction.
Ratios (including Buydowns)
• DU Approve and Expanded Approval – Ratios evaluated by DU
5.TYPES OF • Purchase Mortgages
FINANCING • Rate and Term Refinance
Pay off of the existing first mortgage regardless of seasoning
Pay off existing subordinate liens that were used in whole to acquire the subject property
Closing costs prepaids.
Cash out limited to the lesser of 2% of the principal amount of the new loan or $2000
Owner occupied properties located in Texas
If the first or second Texas Section 50(a)(6) loan is being paid off, regardless of whether the borrower is
(CONTD. ON NEXT getting any cash back, the loan is not eligible for this product.
PAGE) If the first mortgage is not a Texas Section 50(a)(6) loan and the second mortgage is a Texas Section
50(a)(6), the second lien may be subordinated and is considered a rate and term refinance. The second
lien must be subordinate to the first mortgage and a subordination agreement must be executed.
Borrower cannot receive any cash back from first mortgage transaction.
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2. If a Texas Section 50(a)(6) second lien is being paid off, the loan is not eligible for this product.
The title policy will reference Texas Section 50(a)(6).
Equity Refinances
• No seasoning requirements on first mortgage or junior liens. (except 6 months on cashout refinances)
• Owner occupied properties located in Texas subject to Texas Section 50(a)(6) are NOT eligible.
Paying off loans that are not Texas Section 50(a)(6) but are defined as a cash out refinance based on agency
guidelines are eligible for this product. Borrower cannot receive any cash back from the transaction.
6.MAXIMUM LOAN Minimum Loan Amount for all NSL Products is $30,000.00
AMOUNT
Units Maximum Loan Amount
Continental US Alaska & Hawaii
1 $417,000 $625,500
2 $533,850 $800,775
3 $645,300 $967,950
4 $801,950 $1,202,925
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3. 7.LOAN AMOUNT • Refer to #8 Secondary Financing
AND LTV • HCLTV (HELOC CLTV) = first mortgage balance + total Heloc amount (funded + unfunded portion) divided by the lesser
LIMITATIONS of the appraised value or sales price (if applicable)
PRIMARY RESIDENCES
DU Approve
Units LTV LTV W/ CLTV Max Credit
W/O Sec Fin W/Sec HCLTV Score
Sec Fin Fin
Purchase and Rate & Term Refinance
1 Unit 95% 90% 95% 95% n/a
n/a n/a n/a n/a n/a
n/a n/a n/a n/a n/a
2 Unit 90% 85% 90% 90% n/a
n/a n/a n/a n/a n/a
3‐4 Unit 75% 70% 75% 75% n/a
Cash Out Refinance
1‐2 Unit 85% 80% 85% 85% n/a
3‐4 Unit 75% 70% 75% 75% n/a
SECOND HOMES
DU Approve
Units LTV LTV W/ CLTV Max Credit
W/O Sec Fin W/Sec HCLTV Score
Sec Fin Fin
Purchase and Rate & Term Refinance
1 Unit 90% 85% 90% 90% n/a
n/a n/a n/a n/a n/a
n/a n/a n/a n/a n/a
Cash Out Refinance
(CONTD. ON NEXT
1 Unit 85% 805% 85% 85% n/a
PAGE)
3 North Star Lending 12/03/2008 Operations/NSL Product Guide Fixed Rate I/O
4. INVESTMENT PROPERTIES
1
DU Approve
1
Units LTV LTV W/ CLTV Max Credit
W/O Sec Fin W/Sec HCLTV Score
Sec Fin Fin
Purchase
1‐2 unit 85% 80% 85% 85% n/a
Rate & Term Refinance
75% 70% 75% 75% n/a
Cash Out Refinance
1‐2 unit 70% 65% 70% 70% n/a
ALL INVESTMENT PROPERTY LOANS MUST BE FULL DOC, DOC WAIVER INELIGIBLE
8.SECONDARY • Permitted – Refer to # 7 Loan Amount and LTV Limitations.
FINANCING
9. PROPERTY TYPES Eligible Property Types
• 1‐4 units
• PUDs1 – Fannie Mae warrantable projects.
• Condo1 – Fannie Mae warrantable projects.
Ineligible Property Types
• Co‐ops
• Manufactured homes
1
Refer to NSL Underwriting Guidelines
10.OCCUPANCY • Primary Residence
• Second Homes
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5. • Investment Properties
11.GEOGRAPHIC Continental US, Hawaii and Alaska
LOCATIONS/
RESTRICTIONS
12.ASSUMPTIONS Not permitted
13.ESCROW Refer to NSL Underwriting Guidelines
WAIVER
14.PREPAYMENT None
PENALTY
15.UNDERWRITING Automated Underwriting Requirements
• All loans must be submitted to Desktop Underwriter Version 7.1
• Must receive a DU “Approve/Eligible” for Fixed Rate IO and Fixed Rate IO w/ Sub Financing
• May follow DU decision and documentation requirements
16.BORROWER US Citizens
ELIGIBILITY
Permanent Resident Aliens
• Provide Alien Registration Card.
Trust Agreements
• Refer to NSL Underwriting Guidelines
17.CO‐BORROWER • Co‐borrower does not have to occupy the subject property
18.CREDIT • DU Approve, credit evaluated by AUS
19.ASSETS Borrower Investment
• Primary residence and second homes require 5% from borrower’s own funds.
• Investment property loans require 10% from borrower’s own funds
Seller Contributions‐Basis for the limit is now based on CLTV ratio
• Primary Residence & Second Homes
3% for CLTV > 90.01
5 North Star Lending 12/03/2008 Operations/NSL Product Guide Fixed Rate I/O
6. 6% for CLTV 75.01% ‐ 90.00%
9% for CLTV < 75%
• Investment Properties
2%
Gifts
• Primary and Second Homes: Acceptable provided Borrower Investment is met. The Borrower Investment is waived when
gift funds reduce the LTV/CLTV to <= 80%
Reserves
• Primary Residence and Second Homes
None, unless required by DU/LP
• Investment Properties
1‐unit ‐ 2 months PITI required
2‐4 units – 6 months PITI required
• Rate & Term Refinance have no reserve requirements unless needed as a compensating factor
• Equity Refinances – The cash out may not be used to meet the reserve requirement
20.LIMITATIONS Multiple Loans to the Same Borrower
ON OTHER R.E. • Maximum 20% concentration in any one project or subdivision
OWNED • Primary Residences
Limit of 10 financed properties
• Second Homes and Investment Properties
Up to a total of 4 financed properties including the subject property or $2 million whichever is less
• New multiple loans must be underwritten simultaneously
Refer to #15 Underwriting
joint or total ownership in a property that is held in the name of a corporation, even if the borrower is the owner of the corporation, is not
counted towards the four financed property limit.
21.APPRAISER Current license required
REQUIREMENTS
22.APPRAISAL Refer to NSL Underwriting Guidelines
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7. REQUIREMENTS Follow DU recommendation. For properties in Kansas the Form 2075/2070 is not permitted.
23.MORTGAGE • Required on all loans exceeding an 80% LTV
INSURANCE • NY State‐ Use the appraised value to determine if mortgage insurance is required. If mortgage insurance is required, use
the lesser of the sales price or appraised value to determine the appropriate coverage
• Follow MI Coverage per DU/LP Findings or use standard coverage below. MI Coverage (i.e. Reduced or Lower Cost MI)
associated with a loan level price adjustment indicated on the DU/LP findings is NOT permitted.
• Coverage
LTV Coverage
80.01% – 85% 12%
85.01% – 90% 25%
90.01 %– 95% 30%
Acceptable BPMI Payment Options
• Monthly and Zero Monthly
• Level Annual
• Standard Annual
• Split Premium (with or without options)
• Single Premium
24. CONVERSION Current primary must have 30% equity to use rental income, evidenced by appraisal, BPO or AVM. If rental income is being used
OF CURRENT must be evidenced by fully executed lease agreement. Evidence security deposit received and deposited into borrowers account.
PRIMARY TO If 30% equity cannot be documented rental income cannot be used. 6 months PITI are required for new and current primary
RENTAL properties, even when not using rental income.
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8.
25. CONTINUITY Continuity of obligation is required for all refinance transactions and can be established with the following:
OF OBLIGATION
Outstanding lien:
1. At least one borrower must be an obligor on the existing lien being paid off.
2. Liens in the name of an LLC are eligible if the borrower was an owner of the LLC prior to the LLC acquiring the
property. Title must be transferred to borrower and recorded prior to date of application, and may not be
transferred back to LLC after funding. If LLC consists of more than one person, provide a statement from all owners
verifying any payment due, if applicable.
3. The borrower has been on title and residing in the property for at least 12 months and has either paid the mortgage
for the last 12 months as evidenced by cancelled checks or can demonstrate a relationship with the current obligor.
4. The borrower has recently inherited or was legally awarded the property.
Transfer of ownership from a corporation to an individual does not meet the continuity of obligation requirement.
If the borrower is currently on title but is unable to demonstrate an acceptable continuity of obligation, or there is an outstanding
lien against the property, the loan is still eligible but with additional restrictions. The loans must be underwritten and priced as a
cash‐out refinance transaction with these additional limits:
o No outstanding liens (e.g. purchased for cash or previous mortgage loans have been paid off):
o If the property was purchased within the 6 to 12 month period prior to the application date for new financing,
the LTV ratios will be based on the lesser of the original sales price/acquisition cost (documented by the HUD‐1
Settlement Statement) or the current appraised value; OR
o If the property was purchased more than 12 months prior to the application date for new financing, the current
appraised value may be used to calculate the LTV ratios.
o If property was purchased within 6 months prior to application date, loan is not eligible for cash out refinance.
o Outstanding liens with no continuity of obligation:
If the borrower has been on title for at least 6 months but continuity of obligation does not exist, the maximum LTV ratios will be
limited to 50 percent based on the current appraised value.
26. RECENTLY Primary Residence R/T transactions: Property must have been taken off the market prior to application and must confirm
LISTED their intent to occupy the property
PROPERTIES
All other occupancies and transactions: Property listed within 6 months of the application date are limited to 70% LTV.
8 North Star Lending 12/03/2008 Operations/NSL Product Guide Fixed Rate I/O
9. Properties must have been taken off the market prior to application date.
27. PROPERTY o If the property was purchased by the borrower within the 6 months preceding the application for new financing, the
OWNERSHIP borrower is ineligible for a cash out transaction.
SEASONING o Any new subordinate financing within 6 months of the application date that was not used to purchase the property is
REQUIREMENT: considered cash out.
o Any refinance of that loan will also be considered cash out.
o Requires previous HUD‐1 from any refinance transactions with past 6 months.
o If previous transaction was a cash‐out refinance or if it combined a first and non‐purchase money subordinate lien into a
new first, the new transaction is to be identified as a cash‐out transaction.
28. DECLINING For Properties located in declining markets, additional guidelines and restrictions may apply see NSL underwriting for
MARKET loan eligibility, including MI requirements.
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