TITLE

Is Automation Influencing Real Estate Cycles?

AUTHOR(S)
Cooley, Scott
PUB. DATE
April 2005
SOURCE
Mortgage Banking;Apr2005, Vol. 65 Issue 7, p115
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on the influence of automation on real estate cycles. It's been 13 years since the start of the current real estate boom, which is one of the longest expansions on record. Automation is playing a role in both the length and strength of this boom. In the mid-1990s, several prominent automated underwriting systems came into being. With this new automation, all the rules changed. One of the features of this automation was the ability to make changes very quickly to the underlying rules. The automated underwriting systems are allowing rapid changes in loan product development. Not only do they promote new creativity with loans, but they allow them to be distributed more rapidly. With rates declining and houses appreciating, these automated underwriting systems are saying these loans aren't so risky.
ACCESSION #
16778603

 

Related Articles

  • Note of caution enters property lending market. Cattanach, Catherine // Estates Gazette;10/26/2002, Issue 243, p43 

    Reports on the condition of the property lending market in Great Britain as of December 2002. Prediction on the market's growth in 2003; Status of average margin in the market in 2002; Projected increase in interest rates.

  • A COMPARATIVE ANALYSIS OF NATIONAL RECESSIONS AND THE EFFECTS ON REAL ESTATE VALUES IN NORTHWEST NEBRASKA: A TWENTY YEAR PERSPECTIVE. Koza, Rick // Allied Academies International Conference: Proceedings of the Ac;Oct2009, Vol. 9 Issue 2, p5 

    The real estate market for the past several years has been a roller coaster ride with home values going up at a rapid rate and down just as fast. Since 1937 there has been thirteen recessions including the current one. According to the National Bureau of Economic Research, NBER, the average...

  • YOUR GUIDE TO THE REAL ESTATE TABLES.  // Money (Australia Edition);Feb2004, Issue 2, p88 

    Presents a tabular guide to home loan interest rates and payments in Australia as of January 12, 2004.

  • Financing today. Levy, John B. // National Real Estate Investor;Mar99, Vol. 41 Issue 4, p34 

    Provides information on commercial mortgage interest rates in the United States. Allocation levels for the commercial mortgage market; Effect of commercial mortgages on corporate bonds; Percentage of commercial mortgage-backed securities index.

  • Economic Slowdown Hasn't Hindered Commercial Mortgage Primary Servicers.  // Mortgage Servicing News;Jun/Jul2001, Vol. 5 Issue 5, p16 

    Focuses on the stability of mortgage servicers in the real estate sector in New York. Impact of interest rate cuts on the sector; Development of reporting mechanisms to update information to the financial market; Benefits of the trend on outsourcing of services.

  • Know lay of land before seeking riches in real estate. Kinney, Derrick // Fort Worth Business Press;2/7/2003, Vol. 16 Issue 6, p44 

    Presents updates on the real estate market in the U.S. as of February 2003. Gains in home prices; Increase in the limits on loans by mortgage financiers; Decline in interest rates.

  • Perhaps time to peg rates.  // Finance Week;10/26/2001, p24 

    Focuses on the growing interest of homeowners on fixed mortgage rates in South Africa. Anticipation of a further decline in interest rates; Percentage of fixed rates offered by banks to homeowners; Impact of the increasing number of players to the home loan market on bank rates.

  • INVEST WITH ONE INCOME. ELLIOT, PIPPA; HENDERSON, SAM; PHILPOT, JONATHAN; McCREERY, JOANNA; JACKSON, SUSAN // Money (Australia Edition);Aug2013, Issue 159, p30 

    The article offers a look at five different scenarios in investing and building wealth. It presents the recommendations of experts who come up with 10-year plans which could make up to 740,000 Australian dollars. The first steps in asset building, particularly in buying property, are discussed,...

  • Commercial Loan Underwriting and Option Valuation. Shilton, Leon G.; Webb, James R. // Journal of Real Estate Research;Spring89, Vol. 4 Issue 1, p1 

    Abstract. This article seeks to answer why over a nineteen-year period the debt-coverage ratio for commercial noninsured properties averages 1.29. The article applies the corporate liabilities extension of the Black-Scholes option pricing model to the equity valuation of a real estate project....

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics