User:Jtay2222/sandbox





Answer to module 7 questions
Description: Rottnest Island, January 2020.

Is it your own work? Yes. The image was using my phone camera.

What is the file format? IMG

What license have you chosen? CC0 - no rights reserved

What category/gallery will you add it to? Category: Beaches

How will you describe the file? Rottnest Island beach on a sunny day in summer.

Loan Structure
Standalone mortgages and piggyback loan structures have different implications for home buyers in terms of down payment requirements.

Determinants of Historical Loan Performance
The Combined Loan-to-Value ratio (CLTV), Fair Isaac Corporation (FICO) and Debt-to-Income ratio (DTI) are computed and applied to credit performance analysis of agency and non-agency sectors within the mortgage backed securities (MBS) market.

Trends in Second Mortgages
Factors that influence home equity withdrawals and second mortgages include inflation rates, interest rates, competition within the housing market and housing prices.

History of Second Mortgages
The Global Financial Crisis of 2007 was heavily influenced by the rapid increase of second mortgages throughout the mid 2000’s. The impacts of second mortgages on the housing market crash can be explained with reference to LTV, CLTV, DTI and FICO scores.