Investment mortgage as an innovative banking product in the real estate financing market

2021 ◽  
Vol 27 (11) ◽  
pp. 2637-2656
Author(s):  
Tat’yana A. RUBLEVA
Keyword(s):  
Life Cycle ◽  
Real Estate ◽  
Mortgage Lending ◽  
Gradient Boosting ◽  
Investment Activity ◽  
The Real ◽  
The Real Estate ◽  
Boosting Technique ◽  
Financing Market ◽  
Real Estate Financing

Subject. This article discusses the role of investment mortgage in overcoming the crisis of attracting deposits by credit institutions and stimulating the investment activity of households in the real estate financing market. Objectives. The article aims to define particularities of investment mortgage and prospects for its development in the real estate funding market, and ways to improve the quality of mortgage bonds in the investment mortgage segment using artificial intelligence technologies in underwriting. Methods. For the study, I used the systems approach, comparative and logical analyses. Results. The article presents an author-developed definition of the Investment Mortgage category, its basic elements, and it describes the investment mortgage life cycle and risks. It also proposes to supplement the scoring through using the gradient boosting technique when underwriting a credit application for investment mortgage. Conclusions and Relevance. The investment mortgage segment, including mortgage deposit and mortgage loan, has a life cycle and risks that differ from the ones of the mortgage programs implemented in the banking services market. Using the gradient boosting technique can help improve the efficiency of underwriting applications for mortgage lending and investment mortgage. The results of the study can be used by credit organizations when developing a product line of mortgage lending programs in the investment mortgage segment, and digitizing credit underwriting of mortgage borrowers.

scholarly journals General principles of ground of efficiency of informatively-measuring technologies in the process of exploitation of objects of the real estate

2021 ◽  
Vol 41 (I) ◽  
pp. 74-85
Author(s):  
P. HRYHOROVSKYI ◽  
◽  
N. CHUKANOVA ◽  
YU. KROSHKA ◽  
I. OSADCHA ◽  
...  
Keyword(s):  
Life Cycle ◽  
Real Estate ◽  
Technical Condition ◽  
Comparative Assessment ◽  
Practical Significance ◽  
Labor Costs ◽  
Repair Work ◽  
The Real ◽  
The Real Estate ◽  
Instrumental Measurement

Aim of this work – to set forth general principles of ground of efficiency of informatively-measuring technologies in the process of exploitation of objects of the real estate. Methodology. The method of substantiating the effectiveness of the restoration of the technical condition of real estate in the process of their operation is based on the use of information and measurement technologies to establish the technical condition of the object, which is a combination of information retrieval methods, instrumental measurement, analysis and processing of such information, technological and technical solutions to ensure the operational suitability of the facility in conditions of uncertainty. The method involves the formation of a repair strategy using information and measurement technologies based on the development of the life cycle of repairs and algorithms for selecting options for instrumental monitoring systems, choosing the procedure for studying the duration of measurement work, justification of labor and information technology costs and comparative assessment of total costs of real estate object. Results. It is established that measuring works are an integral part of the process of operation and repair work in its composition, which are carried out according to a single schedule of operation of the building and are part of repair work, and the frequency and volume of measuring, including geodetic work correlate with. To plan the volume of measuring work, their duration and labor costs are determined on the basis of existing time norms, and in their absence – by methods of technical rationing. Substantiation of the effectiveness of information and measurement technologies in the operation of real estate is performed by comparative assessment of total costs during the operational stage of its life cycle, taking into account the costs of implementing information and measurement technologies, that is the set of processes for obtaining information by instrumental measurement and processing ‘effective conclusion on the technical condition of the property. The scientific novelty of the obtained results is in the development of general principles for substantiating the effectiveness of information and measurement technologies in the operation of real estate. The practical significance lies in the improvement of standard solutions for the choice of composition and content of information and measurement technologies, taking into account their impact on the duration and labor costs of all types of repairs and reconstruction.

Cyclical capitalization and lag vacancy

2017 ◽  
Vol 10 (2) ◽  
pp. 211-238 ◽  
Author(s):  
Maurizio d’Amato
Keyword(s):  
Real Estate ◽  
Market Value ◽  
Real Estate Market ◽  
Mortgage Lending ◽  
Property Market ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Valuation Process

Purpose This paper aims to propose a new valuation method for income producing properties. The model originally called cyclical dividend discount models (d’Amato, 2003) has been recently proposed as a family of income approach methodologies called cyclical capitalization (d’Amato, 2013; d’Amato, 2015; d’Amato, 2017). Design/methodology/approach The proposed methodology tries to integrate real estate market cycle analysis and forecast inside the valuation process allowing the appraiser to deal with real estate market phases analysis and their consequence in the local real estate market. Findings The findings consist in the creation of a methodology proposed for market value and in particular for mortgage lending determination, as the model may have the capability to reach prudent opinion of value in all the real estate market phase. Research limitations/implications Research limitation consists mainly in a limited number of sample of time series of rent and in the forecast of more than a cap rate or yield rate even if it is quite commonly accepted the cyclical nature of the real estate market. Practical implications The implication of the proposed methodology is a modified approach to direct capitalization finding more flexible approaches to appraise income producing properties sensitive to the upturn and downturn of the real estate market. Social implications The model proposed can be considered useful for the valuation process of those property affected by the property market cycle, both in the mortgage lending and market value determination. Originality/value These methodologies try to integrate in the appraisal process the role of property market cycles. Cyclical capitalization modelling includes in the traditional dividend discount model more than one g-factor to plot property market cycle dealing with the future in a different way. It must be stressed the countercyclical nature of the cyclical capitalization that may be helpful in the determination of mortgage lending value. This is a very important characteristic of such models.

The Analysis of Life Cycle Quality Management in Real Estate Development

2014 ◽  
Vol 644-650 ◽  
pp. 5999-6002
Author(s):  
Heng Sheng Ma ◽  
Feng Gao
Keyword(s):  
Quality Control ◽  
Life Cycle ◽  
Quality Management ◽  
Real Estate ◽  
Real Estate Development ◽  
The Real ◽  
The Real Estate ◽  
Inductive Research ◽  
Key Points ◽  
Real Estate Project

Firstly,summarizes and analyzes the theory of the life cycle,and then inductive research the current real estate project quality management status.Secondly,divide the phases of the life cycle quality in the real estate project were set off.Thirdly,stand in developer's perspective,systemically analyzes the main content of LCP in the real estate project,the key points and the methods of the quality control.

scholarly journals International Real Estate Review

2011 ◽  
Vol 14 (3) ◽  
pp. 283-310
Author(s):  
Nico Rottke ◽  
◽  
Dirk Schiereck ◽  
Stephan Pauser ◽  
◽  
...  
Keyword(s):  
Life Cycle ◽  
Real Estate ◽  
Construction Industry ◽  
Value Chain ◽  
Size Effects ◽  
Service Providers ◽  
Agency Conflicts ◽  
The Real ◽  
The Real Estate ◽  
Construction Companies

Since the late 1990s, the construction industry has undergone a change in business model, as contractors vertically expand their operations to other parts of the real estate life cycle. The question arises on whether construction companies have superior abilities as real estate service providers. We have examined the value implications of 106 large merger and acquisition (M&A) transactions in the construction industry worldwide from 1986 to 2006. We inquire if a vertical expansion of the construction value chain in the real estate life cycle through M&A leads to the creation of shareholder value. We find out that this is not the case. M&A success is mainly determined by industry-specific size effects and common agency conflicts.

Practical Aspects of Modeling the Life Cycle of Cultural Heritage Sites

2021 ◽  
Vol 26 (12) ◽  
pp. 1342-1348
Author(s):  
O. V. Sukhodoeva ◽  
I. V. Karakozova
Keyword(s):  
Life Cycle ◽  
Real Estate ◽  
Cultural Heritage ◽  
Management System ◽  
The Real ◽  
The Real Estate ◽  
Heritage Sites ◽  
Heritage Site ◽  
Real Estate Management ◽  
The Cost

Aim. The presented study aims to identify stages in the life cycle of a cultural heritage site (hereinafter — CHS) and determine the specific aspects of calculating the estimated cost of restoration and renovation works depending on the stage of the CHS life cycle.Tasks. The authors analyze regulations and guidance documents establishing the procedure for calculating the cost of work performed on a CHS during its entire existence; examine major stages in the real estate life cycle; develop a CHS life cycle model, outlining the main stages of its existence; determine the relationships between the real estate management system and the cost management system for CHS preservation.Methods. The theoretical and methodological basis of the study includes the provisions of the theory of management, cost engineering, pricing in construction, scientific works and practical results of Russian experts on the subject.Results. The main stages of the CHS life cycle and the relationships between them are identified. The stages of real estate and CHS life cycle are compared.Conclusions. Based on the results of the study, the stages of the CHS life cycle are identified and characterized. The obtained results make it possible to optimize approaches to cost justification during restoration works aimed at CHS preservation with allowance for the stages of its life cycle.

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