real estate finance - full book (500 pgs)

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Unformatted text preview: . 2-13 THE CALIFORNIA MORTGAGE MARKET............................................................ 2-14 Warmer, milder climate...................................................................................... 2-14 Wide diversification of industry and agriculture.................................................. 2-14 Wide use of title insurance and escrows, less common in other states ............. 2-14 Use of trust deeds instead of mortgages to secure real estate loans ................ 2-15 MONEY IN THE ECONOMY.................................................................................. 2-15 The Process of Money Creation ........................................................................ 2-15 Tools of Monetary Policy ................................................................................... 2-19 Monetary Policy ................................................................................................. 2-22 Objectives of Monetary Policy ........................................................................... 2-23 Strategies and Operating Procedures................................................................ 2-26 Chapter Quiz ..................................................................................................... 2-31 CHAPTER 3: INSTITUTIONAL LENDERS ...............................................3-1 Preview................................................................................................................ 3-1 INSTITUTIONAL LENDERS .................................................................................... 3-1 COMMERCIAL BANKS............................................................................................ 3-2 SAVINGS BANKS (FORMERLY S&LS)................................................................... 3-3 S&Ls vs. Commercial Banks ............................................................................... 3-4 Federal Chartered or State Chartered ................................................................. 3-4...
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This note was uploaded on 12/30/2010 for the course SOC 101 taught by Professor Zhung during the Spring '10 term at Punjab Engineering College.

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