WP CAREY SCHOOL OF BUSINESS
ARIZONA STATE UNIVERSITY
PHOENIX, AZ 85287-3906
Course Description:
This course examines advanced real estate finance and securitization. Real estate finance
covers the different types of mortgages available as well as the mechanics of the
mortgage market. Securitization is a modern technique for managing financial risk. The course covers measurement techniques for different
types of instruments (mortgage-backed securities, asset-backed securities,
commercial mortgage-backed securities and REITs). The course will also show
how securitization tools can be used for active management of the
risk/return profile of financial institutions internationally.
Course Objective:
To provide participants with an in-depth knowledge of international real estate finance and the most
recent securitization products, risk measurement and management
techniques. This topic is essential for professionals involved in mortgage banking, mortgage- and
asset-backed securitization, risk management, derivatives research, trading,
treasury management, financial corporate strategy, as well as supervision of
financial institutions.
Grading:
There is one exam worth 500 points. There is also a graded case worth 300 points. Class participation is worth 200 points.
Course Materials:
We will have: (1) class notes (overheads), (2)
Excel spreadsheet exercises, and (3) additional readings.
Materials marked with an asterisk (*) denote lecture notes
and overheads that should be printed for class.
Advanced Real Estate Finance: Schedule for Trimester 6B 2008
