Course Code: BUSN220 Course ID: 2902 Credit Hours: 3 Level: Undergraduate
This course is an investigation of institutions, instruments, and structures by which investment in real estate is financed. It reviews capital markets, the sources and use of real estate funds, and the role of government in real estate finance. The course also covers technical skills involved in real estate finance, to include risk analysis, portfolio theory and management, REITs, and capital market trends.
|Registration Dates||Course Dates||Session||Weeks|
|11/30/20 - 04/30/21||05/03/21 - 06/27/21||Spring 2021 Session I||8 Week session|
|12/28/20 - 06/04/21||06/07/21 - 08/01/21||Spring 2021 Session D||8 Week session|
|01/25/21 - 07/02/21||07/05/21 - 08/29/21||Summer 2021 Session B||8 Week session|
|02/22/21 - 07/30/21||08/02/21 - 09/26/21||Summer 2021 Session I||8 Week session|
|03/29/21 - 09/03/21||09/06/21 - 10/31/21||Summer 2021 Session D||8 Week session|
After successfully completing this course, students will fulfill the following Learning Objectives:
1. Identify real estate finance principles, concepts, and best practices.
2. Explain the nature of real estate finance including mortgage lending activities and real estate cycles.
3. Identify and discuss the Federal Reserve System, instruments of credit policy, the United States Treasury and the Federal Home Loan Bank System (FHLB).
4. Compare and contrast commercial and residential real estate in the mortgage market.
5. Differentiate between entities of the secondary mortgage market including the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae).
6. Discuss sources of funding such as commercial banks, mutual savings banks, savings associations, life insurance companies, credit unions, and pension and retirement programs
7. Define instruments of real estate and their use including encumbrances and liens, Notes,Deeds of Trust, Contracts for Deed (Land Contract), and junior finance instruments.
8. Discuss the details of conventional loans, interest rates, private mortgage insurance (PMI), borrower’s qualifications, and special conventional loan programs.
9. Describe the process involved in closing real estate loans.
10. Identify some contemporary real estate financing options.
|Discussion Forums||50.00 %|
|Introduction Forum||5.56 %|
|Week 1 Forum||5.56 %|
|Week 2 Forum||5.56 %|
|Week 3 Forum||5.56 %|
|Week 4 Forum||5.56 %|
|Week 5 Forum||5.56 %|
|Week 6 Forum||5.56 %|
|Week 7 Forum||5.56 %|
|Week 8 Forum||5.56 %|
|Assignment 1: Real Estate Trust (Due Week 2)||7.14 %|
|Assignment 2: Financial Terms (Due Week 3)||7.14 %|
|Assignment 3: Underwriting (Due Week 4)||7.14 %|
|Assignment 4: Research Paper (Due Week 5)||7.14 %|
|Assignment 5: Closing Cost (Due Week 6)||7.14 %|
|Assignment 6: Foreclosure (Due Week 7)||7.14 %|
|Assignment 7: Titles (Due Week 8)||7.14 %|
|Extra Credit||100.00 %|
|Extra Credit||100.00 %|
This class relies solely on electronic resources which will be available through the classroom. All directions will be given to the students on where to acquire readings through the Lessons area of the classroom for each week.
|Book Title:||Various resources from the APUS Library & the Open Web are used. Please visit http://apus.libguides.com/er.php to locate the course eReserve.*|
|Book Title:||Mortgage Management for Dummies - e-book available in the APUS Online Library, link also provided in the classroom|
Not current for future courses.