Course Administration
Syllabus for FIN 3334 -- Undergraduate Real Estate Finance
Syllabus for FIN 5334 -- Graduate Real Estate Finance
Answer Key for Quizzes/Problem Sets
Lecture Slides
Test #1 Material
Introduction to Real Estate Finance
The Theory of Financial Intermediation
Credit Flows and Interest Rate Determination in Real Estate Markets
The Term Structure of Interest Rates
Finance Theory and Real Estate Valuation, Part I
Finance Theory and Real Estate Valuation, Part II
Finance Theory and Real Estate Returns
Test #2 Material
Common Mortgage Clauses
Maturity, Duration, and Interest Rate Risk in Mortgage Markets
Alternative Mortgage Instruments
Test #3 Material
Social Issues in Mortgage Lending
Valuing Mortgage-Backed Securities
Collateralized Mortgage Obligations
Problem Sets/Quizzes
Problem Set #1 - Lemon Aides?
Quiz #1, Quiz #2, Quiz #3, Quiz #4, Quiz #5, Quiz #6, Quiz #7, Quiz #8, Quiz #9, Quiz #10
Required Readings
Akerlof, George A. "The Market For 'Lemons': Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, V. 84, No. 3, pp. 488-500, August 1970.
Munnell, Alicia H., Geoffrey M.B. Tootell, Lynn E. Browne, and James McEneaney, "Mortgage Lending in Boston: Interpreting HMDA Data," The American Economic Review, Vol. 86, No. 1, pp. 25-53, March 1996.
Calculus Tutorials
Overview of Derivatives: http://www.calculus-help.com/funstuff/tutorials/derivatives/deriv01.html
Power Rule Explained: http://www.calculus-help.com/funstuff/tutorials/derivatives/deriv02.html
Product Rule Explained: http://www.calculus-help.com/funstuff/tutorials/derivatives/deriv03.html