Residential Mortgages: Lining Up the Customers
Article Abstract:
In evaluating risks on home loans, risk elements may be isolated pertaining to the borrower, the property, the loan and the lender. Investors Mortgage Insurance Company, a nationwide company insuring over 400,000 home loans, has compiled statistics on risk for over ten years. Analysis of this data provides some surprises for adherents of conventional wisdom risk analysis. Times have changed and borrower risk has changed too; for instance, two income households, as well as single people purchasing homes, are no longer the significant risk that they were once held to be. Risk analysis must be updated periodically to reflect changes in the marketplace and social trends.
Publication Name: Mortgage Banking
Subject: Real estate industry
ISSN: 0730-0212
Year: 1984
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Enlightened self-interest
Article Abstract:
Advice for a male surveyor with an annual salary of 40,000 pounds sterling and 5,000 pounds sterling in bonus payments looks at ways of managing his money and planning for the future. The surveyor must ensure he has an adequate pension even if it is operated by his company and he may choose to make additional voluntary contributions. A mortgage audit could lead to saving money on mortgage payments. He could consider investing in a variety of schemes such as the new ISA's. Any insurance policies should be reviewed to ensure they provide sufficient cover for his family.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1999
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