The Us Residential Mortgage Business

A comprehensive US mortgage analysis. Covering all aspects of the residential mortgage industry in the US.

Last updated 2022-01-10 | 4.5

- You'll be able to explain why people use mortgages today
- You'll be able to list and discuss property types
- and demonstrate the risks of each
- You'll be able to identify key mortgage types and describe the audience and markets for each

What you'll learn

You'll be able to explain why people use mortgages today

You'll be able to list and discuss property types

and demonstrate the risks of each

You'll be able to identify key mortgage types and describe the audience and markets for each

You'll be able to describe the importance of mortgage loans and conditions

and their meanings

You'll be able to demonstrate the math behind mortgage pricing

You'll be able to learn the size and scope of the U.S. residential mortgage market

You'll be able to describe the key players in the mortgage industry

the functions and roles they have

and identify the phases of the mortgage life cycle

You'll learn about the risk and rewards of originating

servicing and securitizing mortgages

You'll learn about the mortgage life cycle from both the consumer's and the lender's POV

You'll learn about current and historical mortgage regulation

You'll learn about financial distress in mortgage

including early warning signs

foreclosure alternatives

and loss mitigation strategies

You'll learn about consumer mortgage lending

borrowe income analysis

and how to read and understand credit history and reports

You'll learn about mortgage metrics and be able to provide an overview of loan approvals and rejections

You'll learn about appraisal and asset valuation

and details of the appraisal process and walkthrough

You'll learn about titling and insurance; titling requirements and issues

You'll learn about loan servicing and servicing regulations

You'll be able to define securitization

and learn why financial institutions securitize mortgages

You'll be able to define securitization

learn why financial institutions securitize mortgages

and advantages and disadvantages of securitization to the issuer and investor

You'll be able to understand the entire MBS cycle

and rating agency involvement

* Requirements

* Knowledge of the English language.

Description

You'll be able to explain why people use mortgages today
You'll be able to list and discuss property types, and demonstrate the risks of each
You'll be able to identify key mortgage types and describe the audience and markets for each
You'll be able to describe the importance of mortgage loans and conditions, and their meanings
You'll be able to demonstrate the math behind mortgage pricing
You'll be able to learn the size and scope of the U.S. residential mortgage market
You'll be able to describe the key players in the mortgage industry, the functions and roles they have, and identify the phases of the mortgage life cycle
You'll learn about the risk and rewards of originating, servicing and securitizing mortgages
You'll learn about the mortgage life cycle from both the consumer's and the lender's POV
You'll learn about current and historical mortgage regulation
You'll learn about financial distress in mortgage, including early warning signs, foreclosure alternatives, and loss mitigation strategies
You'll learn about consumer mortgage lending
You'll learn about consumer mortgage lending, borrowe income analysis, and how to read and understand credit history and reports
You'll learn about mortgage metrics and be able to provide an overview of loan approvals and rejections
You'll learn about appraisal and asset valuation, and details of the appraisal process and walkthrough
You'll learn about titling and insurance; titling requirements and issues
You'll learn about loan servicing and servicing regulations
You'll be able to define securitization, and learn why financial institutions securitize mortgages
You'll be able to define securitization, learn why financial institutions securitize mortgages, and advantages and disadvantages of securitization to the issuer and investor
You'll be able to understand the entire MBS cycle, and rating agency involvement

Course content

3 sections • 28 lectures

U.S. Residential Mortgage Business and Process Fundamentals 13 lectures

Introduction to U.S. Residential Mortgage Business and Process Fundamentals Preview 03:32

Instructor Russ Faulkner introduces the U.S. Residential Mortgage Business and discusses key elements of the first section within this course.

Residential Mortgage Overview Preview 41:58

Instructor Russ Faulkner provides an overview of reseidential mortgages.

Property Types Preview 10:56

Instructor Russ Faulkner discusses various types of residential properties.

Mortgage Loan Types Preview 34:27

Instructor Russ Faulkner discusses the types of mortgage loans.

Typical Terms and Conditions Preview 17:33

Instructor Russ Faulkner describes the typical terms and conditions on a mortgage,

Mortgage Math Overview Preview 23:47

Instructor Russ Faulkner provides an overview of the math used in mortgages.

Market Size and Scope Preview 19:04

Instructor Russ Faulkner discusses the size and scope of the residential mortgage market.

Key Players in Primary Mortgage Business Preview 15:37

Instructor Russ Faulkner describes the key players in the mortgage business.

Risks and Rewards Across the Mortgage Life Cycle Preview 10:26

Instructor Russ Faulkner identifies risks and rewards across the mortgage life cycle.

Mortgage Life Cycle – Consumer’s Point of View Preview 25:38

Instructor Russ Faulkner discusses the mortgage life cycle from a consumer's point of view.

Mortgage Life Cycle – Lender’s Point of View Preview 08:37

Instructor Russ Faulkner discusses the mortgage life cycle from a lender's point of view.

Regulatory Oversight and Evolution Preview 18:31

Instructor Russ Faulkner looks at regulatory oversight and evolution of the residential mortgage business.

Financial Distress and Foreclosure Avoidance Preview 20:00

Instructor Russ Faulkner discusses financial distress and foreclosure avoidance.

U.S. Residential Mortgage Analysis: Bringing It All Together 9 lectures

Introduction to U.S. Residential Mortgage Analysis: Bringing It All Together Preview 03:31

Instructor Russ Faulkner introduces the next section and breaks down the key items to be discussed.

Financial, Credit and Loan Analysis Preview 20:27

Instructor Russ Faulkner discusses financial, credit and loan analysis.

Income Analysis of Borrower Preview 10:45

Instructor Russ Faulkner discusses the income analysis of a borrower.

Understanding Credit History and Reports Preview 10:55

Instructor Russ Faulkner demonstrates credit history and reports.

Credit Report Analysis Preview 13:27

Instructor Russ Faulkner discusses the topic of credit report analysis.

Mortgage Metrics and Decisioning Preview 11:17

Instructor Russ Faulkner discusses mortgage metrics and decisioning.

Appraisal and Asset Valuation Preview 10:56

Instructor Russ Faulkner discusses appraisal and asset valuation.

Appraisal Detail and Walk-Through Preview 14:48

Instructor Russ Faulkner details appraisal and the walkthrough process.

Title and Title Insurance Preview 12:14

Instructor Russ Faulkner discusses title and title insurance.

Loan Management, Servicing and Securitization 6 lectures

Introduction to Loan Management, Servicing and Securitization Preview 01:51

This is an introduction to residential loan management and identifies what topics will be discussed in this section.

Loan Servicing Preview 31:47

The fundamentals of loan servicing are introduced and explained here.

Securitization Demystified Preview 19:51

While the concept of "securitization" can be confusing, here we break it down so anyone can understand what is happening, and why.

Securitization for the Issuer and Investor Preview 09:00

Securitization involves and mortgage, the "issuer" of the mortgage (generally a bank making the loan to the homeowner/buyer), and the investors that invest in the loan. The roles and responsibilities of each party are clarified and simplified here.

Life Cycle of Mortgage-Backed Securities (MBS) Preview 08:23

Once a mortgage is placed into a "mortgage pool," it starts through the "life cycle of a mortgage-backed security." We discuss that here.

Rating Agency Involvement in MBS Preview 06:34

Risks exist in all financial transactions. Here we discuss how these risks are reduced or "mitigated" through the use of credit rating agencies who clarify for investors the risk of a given pool of mortgage-backed securities.