Home Mortgage Loans

Housing is a key object of financialization. There is a small but growing literature on the financialization of housing that has demonstrated how housing is a central aspect of financialization. Despite the varied analyses of the financialization of housing and the importance of housing to financialization, the relations between housing and financialization remain under-researched and under-theorized. The financialization of housing is not so much a specific from of financialization, as it transcends several of the different forms of financialization. Housing systems, in particular, differ widely across the globe, which implies that housing financialization will be inherently variegated, path-dependent and uneven. In this introduction to the Symposium, I will discuss how the articles in this Symposium contribute to the literature on the financialization of housing. Housing has entered a post-Fordist, neoliberal and financialized regime. Both mortgaged homeownership and subsidized rental housing increasingly are there to keep financial markets going, rather than being facilitated by those markets. There is little evidence that the global financial crisis has resulted in a de-financialization of housing. There are common trajectories within uneven and variegated financialization rather than radically different and completely unrelated forms of housing financialization.
Key words: housing, financialization, mortgage markets, rental housing, home ownership, state and public sector

There are various loan options available and lease rental discounting loan (LRD) is one of the options in which you can procure funds based on future rental income. It is basically a term loan given against rental receipts from tenants.

This loan is usually provided to the applicant based on the value of the property and discounted value of rentals. Lease rental discounting can be considered a better option than loan against property as the property is not kept as a mortgage with the bank.

http://www.jmdhomeloans.com/lease-rental-discounting-loan.php

IX Premio Revista Crítica de Derecho Inmobiliario (2020). Este artículo tiene por objeto examinar los remedios de los que dispone el consumidor para hacer frente a la abusividad en la contratación bancaria de cualquier instrumento no financiero. Estos se estructuran en unos controles preventivos, que afectan a la fase de formación del contrato y que permiten evitar su excesiva onerosidad, y unos remedios, en sentido estricto, que inciden en su ejecución. En atención a la importancia que ha tenido en los últimos años la inobservancia de estos controles en los préstamos hipotecarios, y por la reciente jurisprudencia en materia de consumo que los ha ampliado, se reservará una parte final con algunas soluciones para las cláusulas potencialmente abusivas.

ABSTRACT: Do place and race matter in mortgage loan applications? This article presents evidence from mortgage markets in the Dutch cities of Arnhem, The Hague, and Rotterdam, suggesting that place, and to a lesser extent also race, do matter. In general, race and place are not factors of direct exclusion, but (1) zip codes are included in credit scoring systems, and (2) both place and race are significant factors in the assessments by loan officers because applicants who do not meet all formal criteria are more often accepted (“overrides”) for indigenous Dutch and low-risk neighborhoods than for ethnic minorities and high-risk neighborhoods. In addition, a “national mortgage guarantee” is compulsory for loan applications in high-risk neighborhoods and thereby used as a substitute for redlining, comparable to the compulsoriness of private mortgage insurance in the United States. Some lenders also engage in direct redlining by rejecting low-risk “national mortgage guarantee” loans in high-risk neighborhoods, a practice potentially explained by transaction cost economizing. Since the high-risk neighborhoods in all three cities accommodate relatively large shares of ethnic minority groups, they are hit twice: through place-based and through race-based exclusion. In other words, place-based disparate treatment results in race-based disparate impact. The neighborhood does matter; place-based exclusion in the mortgage market has a neighborhood effect.

RESUMEN En esta sentencia, el Tribunal Supremo determina que la cláusula que impone al consumidor el pago de los gastos a terceros derivados de la contratación de un préstamo hipotecario devenga intereses desde que tales gastos fueron abonados. Justifica su decisión en el efecto restitutorio del art. 6.1 de la Directiva 93/13, con referencia además al enriquecimiento injusto y el cobro de lo indebido. El presente comentario analiza la sentencia y explora las posibilidades que puede ofrecer nuestro ordenamiento jurídico para fundamentar la pretensión de devengo de intereses desde la fecha de abono de los gastos, profundizando especialmente en la figura del enriquecimiento injusto y los distintos enfoques de este principio, así como el significado que puede tener en esta sentencia el recurso a la analogía con el cobro de lo indebido. PALABRAS CLAVE: devengo de intereses, efecto restitutorio, enriquecimiento injusto, cobro de lo indebido ABSTRACT In this judgement, the Supreme Court establishes that the clause imposing to the consumer the payment of expenses to third persons in mortgage loan contracts must accrue interests since these expenses were paid. This decision is based in the restorative effect of article 6.1 of the Directive 93/13, unjust enrichment and undue payment. According to it, this paper analyses the referred judgment and explores the possibilities that Spanish law can offer to base the claim of interests since that expenses were paid. The study goes deeply into the unjust enrichment and the different conceptions of this principle,

El presente estudio tiene por objeto examinar la evolución jurisprudencial sobre la integración judicial del precio en los préstamos celebrados con consumidores cuando se ha declarado su nulidad, en especial respecto de los intereses moratorios. En este sentido, los últimos pronunciamientos jurisprudenciales del Tribunal de Justicia y del Tribunal Supremo afirman que la cláusula relativa al precio será abusiva cuando se trate de una cláusula no negociada y establezca un cálculo del precio que supere en determinados extremos el interés remuneratorio, lo que afecta particularmente a los intereses de demora. Ante su nulidad, procede la supresión de esa cláusula, sin que quepa su integración y sin que dejen de devengarse los intereses remuneratorios pactados en el contrato.

During historic times of turmoil and change, social scientists of various stripes are often called upon to shape our understanding of ways mortgage markets function. The question is asked; just how did we get here?  Subprime Cities: The Political Economy of Mortgage Markets presents a collection of works from social scientists that offer important insights into what is happening in today’s mortgage market including the causes, effects, and aftermath of the ‘subprime’ mortgage crisis. In addition to shedding light on how the current housing crisis has spread to other sectors of the economy, readings address the mortgage market itself and how problems have spread throughout mortgage and housing markets. Various chapters address changes that have resulted in the subprime mortgage crisis; others focus on the structural changes in the mortgage market, rather than on the crisis itself. Documentation of the geographical, social, and institutional inequalities associated with the crisis reveal how the recent mortgage boom created ‘subprime cities’, and how the victims of the crisis are the product of deep structural inequalities.  This book is a provocative wake-up call for us to reconsider the structures of housing finance and housing policy if we are to avoid another crisis.

El presente trabajo versa sobre el alcance del deber de información precontractual respecto del objeto esencial en los contratos bancarios con consumidores. La última manifestación del control de este deber ha sido la reciente sentencia del Tribunal Supremo de 15 de noviembre de 2017, que trae causa del pronunciamiento del Tribunal de Justicia de 20 de septiembre sobre la hipoteca multidivisa. Para la efectiva protección del consumidor, la entidad financiera deberá proporcionarle la información necesaria, negociar individualmente la cláusula relativa al reembolso y asegurarse de su comprensión.

Planning to apply for a mortgage? If your application for mortgage loan has been getting denied by loan officers, here are few tips that can help you get it approved quickly.
In order to get a mortgage loan in Mumbai quickly, you can get a consigner. In case the bank doesn’t approve the loan application because your income is not enough, you can find a consigner with good disposable income.

Everyone growing up has an idea of what they would like their dream home to look like. Earlier people always escaped to their dreams and fantasies because they didn’t even have the opportunities to help translate their dreams into reality. The scenario today is quite different. If you dream it, you have plenty opportunities to make these dreams come true. Financial institutions and banks come knocking on your dreams to help open them to reality.

ABSTRACT The topic of Adjustable Rate Mortgage (ARM) in its first glimpse, takes us to the reader of terms like Global Financial Crisis, Meltdown, Subprime crisis and its horrors. Global Financial Crisis (GFC) – The greatest of all financial crisis after the great depression of 1930, emancipated from a complicated interplay of policy to improve home ownership, by greater credit supply, laxed terms, overoptimistic assumption of real estate growth, predatory lending stunts instincts, and option to offload the balance sheet by securitization, poor remuneration to promote short term gain versus long-term value and last but not the least and macro-prudential governance shortfalls. The reason we discuss GFC here is that ARM were employed by Financial Institutions to finance the subprime i.e. the under-privileged. So did it work? No, it actually coasted them a USD 4.1 Trillion losses, 9 Million families displaced and thousands unemployed. Notwithstanding the fact that, a lot many other factors such as weak underwriting, monetary tightening, moral hazard across the value chain, unrealistic assumption on real estate valuation contributed to the GFC. Farhi, E., & Tirole, J. (2009) termed the GFC as Collective Moral Hazard while reviewing the role of macro prudential regulation, Interest rates, Lender and Investment Banks. This article would assess the structural dynamics of ARMs and subsequently rationalize its inability to alleviate or address the financing needs of the underprivileged.

Given the socioeconomic utility of a owning a house (being a consumption and investment asset at the same time), mortgage finance and markets has always remained a matter of interest for the policy maker. With the Global financial crisis claiming its roots in the subprime lending, wherein the word 'Subprime' owes its roots to the borrowers, inferior to the prime borrowers – i.e. the underprivileged borrowers, also known as NINJAs (no income, no job applicants) in the informal financial media. The main tool employed to get the subprime up to the housing ladder was Adjustable rate mortgage (ARMs). It is simply counterintuitive to believe that that smartest wizards of the most sophisticated financial markets in all their ingenuity, expected subprime borrowers, who cannot bear regular debt payment in the present, to pay higher-than-the prime borrower payment in future – as, implicated by this negatively amortizing loans. This paper explores the imperfections and risks in the conventional debt, and how Islamic Model of Home Mortgage alleviates it.

In the past few years, commercial mortgage has grown in India. People are now moreover looking for commercial mortgage loans instead of other options. A commercial mortgage loan is a type of loan secured by a commercial property. It can be anything like shops, office building or a warehouse.

Buying a home in Mumbai is not an easy task. Due to rising property prices in the western suburbs, people are mostly opting for home loans so that they can buy their dream home as soon as they can. But as a home loan makes it easy for you to buy a residential apartment in Mumbai, it is still difficult to find the best home loan provider to borrow the loan from. And selecting from the many home loan providers in Mumbai can become a little less hectic task when there is already a list given on the net that states the names of the best loan providers in the city.