Description

Real Estate Capital Markets studies debt and equity primary and secondary markets linked to real estate assets. These markets have become a key way to funding residential and commercial real estate. The recent financial crisis saw a sharp contraction of new issuance in some of these markets, however, some real estate agencies became even larger and more central to mortgage finance. Therefore, this course delivers some beneficial knowledge

Program

MBA

Objectives

• Upon completion of this course, students will be able to complete the following key tasks: • Study features of commercial and residential mortgages financial markets. • Analyze agency and non-agency mortgage-backed securities, as well as some related instruments, such as CDOs. • Be aware of the key factors that drive default risk and interest rate risk on commercial and residential mortgages. • Be aware of the historical development of mortgage secondary markets, the institutional structure of this sector. • Have the knowledge about the causes and consequences of the current financial crisis, which has important implications for both commercial and residential real estate finance. • Acquire more knowledge about international aspects of real estate capital markets.