Mortgage

This is the best introduction, giving a brief yet broad coverage to an important market. In just 144 pages Hu covers the the important points. The Mortgage Backed Security market, at over 2 trillion dollars, will soon exceed the US treasury market as the largest and most liquid bond market. Nevertheless, this market is still viewed as highly specialized due to the complications in security structure and prepayment optionality. Hu explains these complications clearly giving the reader confidence to enter this market.

I don't know why colleges use this book as a required textbook. This book is DEFINITELY not a good book for someone who is new to real estate apraisal. The book did't explain things very clear especially some very important things like "Highest and Best Use". There are some other book that explain the real estte concepts better than this one. You definitely will not pass the real estate appraisal exam if you only read this book

This book was required for a college class. I found it obtuse and the illustrations/photographs were unclear, as in, there was a photo of a house, but why it was an example of a particular appraisal situation was unclear. I found another book published by the Department of Real Estate (California) to be much more consise and clear. For someone new to the subject, this book seems to make the topic more difficult than necessary. If it is required for a college class, there isn't much you can do about it, but if you are just looking for info on the topic of appraisal, I would suggest another book. Good luck!

This is a great book that is used in some of the colleges for textbook. It explains the fundamentals of real estate appraisal by using pratical examples which we may experience everyday. In addition, it clearly shows the calculations, number by number with detailed explainations to make the readers easy to understand the concepts. It really helped me a lot in the real estate business.

Thank you so very much. My wife thinks the book is incredible. It really puts into perspective everything she has learned - and much that she wasn't taught- in a concise manner. She has been studying it for the past 2 evenings. Well worth having whether you are in the business already or just getting started.