Financing

Iramos89
Mind Map by Iramos89, updated more than 1 year ago
Iramos89
Created by Iramos89 almost 5 years ago
9
1

Description

Green Team Mind Map on Financing, created by Iramos89 on 03/02/2015.

Resource summary

Financing
1 Financing Sources
1.1 Commercial Banks
1.2 Savings & Loan Association
1.3 Mutual Savings Banks
1.4 Insurance Companies
1.5 Other Financing Sources
1.5.1 Credit Union
1.5.2 Mortgage Banking Companies
1.5.3 Mortgage Brokers
2 Types of Financing Instruments
2.1 Mortgages
2.1.1 Mortgagor
2.1.2 Mortgagee
2.2 Deeds of Trust
2.2.1 Trustor
2.2.2 Beneficiary
2.2.3 Trustee
3 Types of Loans
3.1 Conventional Loans
3.1.1 Straight Loans
3.1.2 Balloon Mortgage
3.1.3 Amortized Loan
3.2 Federal Housing Administration (FHA) Loan
3.3 U.S. Department of Veteran Affairs (VA Loan)
3.4 Adjustable-Rate Loans
4 The Lending Process
4.1 The Loan Application and Related Documents
4.2 Secondary Markets
4.2.1 The Federal National Mortgage Association (FNMA)
4.2.2 The Government National Mortgage Association (GNMA)
4.2.3 Federal Home Loan Mortgage Corporation (FHLMC)
5 The Real Estate Recession and Mortgage Fraud
5.1 Mortgage Fraud
5.2 Government Regulation
6 Preparation of Financing Instruments
6.1 Promissory Notes
6.1.1 Maker
6.1.2 Payee
6.2 Mortgages and Deeds of Trust
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