Farrell, L M (2001) Financial agency issues in mortgage underwriting and real estate valuation. Journal of Financial Management of Property and Construction, 6(2), pp. 119-137. ISSN 1366-4387
Abstract
The paper describes the risk of inadequate quality control in North American real estate mortgage market. Fraud is identified as a major matter for concern. Existence of fraud, types and methods used to implement it are detailed. The particular problems of fraud, especially internal, ocurring in financial institutions are detailed; also the impact on profitability and the reluctance to prosecute. The various stages of the fraud process throughout the life cycle of a real estate asset are shown by means of an analysis of a case study.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | real estate, financial institutions, mortgage underwriting, appraisal, agency costs, fraud |
| Index terms: | life cycle, quality control, real estate, agency, appraisal, profitability, mortgage, fraud, case study |
| Subjects: | factor and component analysis, data collection methods, real estate economics, project delivery, professional ethics, value management, sociology, economic analysis |
| Topics: | Legal Issues, Research Practice, Quality Management, Project Management, Urban Studies, Business Strategy |
| Descriptive scope: | 4 PCTE |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here