Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property. Real estate transactions often require appraisals because they occur infrequently and every property is unique, unlike corporate stocks, which are traded daily and are identical. The location also plays a key role in valuation. However, since property cannot change location, it is often the upgrades or improvements to the home that can change its value. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property.
A mortgage-backed security (MBS) is a type of asset-backed security which is secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals that securitizes, or packages, the loans together into a security that investors can buy. Bonds securitizing mortgages are usually treated as a separate class, termed residential; another class is commercial, depending on whether the underlying asset is mortgages owned by borrowers or assets for commercial purposes ranging from office space to multi-dwelling buildings.
Structured finance is a sector of finance — specifically financial law — that manages leverage and risk. Strategies may involve legal and corporate restructuring, off balance sheet accounting, or the use of financial instruments.
HypoVereinsbank (HVB), legally registered since late 2008 as UniCredit Bank GmbH, is a significant bank in Germany headquartered in Munich. It has been part of the Milan-based UniCredit group since 2005, and fully owned by it since 2008. As a consequence, HVB is operating exclusively in Germany, where it mainly focuses on private clients business and corporate banking, customer-related capital market activities and wealth management.
Hypothekenbank Frankfurt AG, previously Eurohypo AG, was wound down in 2016. Its portfolios were transferred to Commerzbank AG. The banking and pfandbrief licenses were returned and Hypothekenbank Frankfurt AG was transformed into a service company LSF Loan Solutions Frankfurt GmbH.
Frankfurt School of Finance & Management is a private university with a right to award doctorates, recognized under Hesse's Higher Education Act. The parent organization is the Frankfurt School of Finance & Management Foundation. Frankfurt School has a second campus in HafenCity in Hamburg and a study center in Munich, as well as offices in developing and emerging countries in cities such as Nairobi and Amman.
Verband Deutscher Prädikatsweingüter e.V. or the Association of German Prädikat Wine Estates, is an association of more than 200 wineries in Germany that promotes binding quality standards and – since 1990 – also ecological management of its members' wineries. Many of Germany's top wine producers are members. It is commonly known by its abbreviation VDP.
The Association of German Public Banks is a leading association within the German banking sector, bringing together most of the German public banking sector except the local-level savings banks. Its membership includes 63 banks, including the Landesbanks that are also members of the Deutscher Sparkassen- und Giroverband (DSGV) and form part of the Sparkassen-Finanzgruppe, and promotional and development banks owned by the Federal Republic of Germany or the individual German federal states.
The Pfandbrief, a mostly triple-A rated German bank debenture, has become the blueprint of many covered bond models in Europe and beyond. The Pfandbrief is collateralized by long-term assets such as property mortgages or public sector loans as stipulated in the Pfandbrief Act. Total volume outstanding in Pfandbriefe was EUR 806 billion as at end-2008. Pfandbrief bonds make up the third largest segment of the German bond market after public sector bonds and unsecured bank debt.
The German Banking Industry Committee (GBIC), known until 2011 as the Central Credit Committee is an industry association of the German banking industry. Its decisions are held normative for the national banking sector – either directly by interbank treaties or indirectly by preparing a corresponding ministerial or Bundesbank decision.
The German Cooperative Financial Group is a major cooperative banking network in Germany that includes local banks named Volksbanken and Raiffeisenbanken, the latter in tribute to 19th-century cooperative movement pioneer Friedrich Wilhelm Raiffeisen. The Cooperative Group represents one of the three "pillars" of Germany's banking sector, the other two being, respectively, the Sparkassen-Finanzgruppe of public banks, and the commercial banking sector represented by the Association of German Banks.
The Deposit guarantee scheme of German banks is a private institution legally responsible for guaranteeing the deposits of account holders of German banks in accordance with domestic legislation and EU directives. It is 100% owned by the Federal association of German banks. Other voluntary schemes exist alongside the mandatory scheme.
International Property Measurement Standard (IPMS) is a standardised and globally applicable method for measuring property. It aims to address current inconsistencies in the way property of all types is measured from one market to the next, improving property market data and providing greater transparency.
The Südwestbank AG is a regional bank in the southwest of Germany which is located in Stuttgart. The bank operates in the form of a stock corporation and looks after about 100,000 private and corporate customers in Baden-Württemberg.
The Berlin Hyp AG, based in Berlin, is one of the large German real estate and mortgage banks. The bank was created in 1996 from the merger of Berliner Hypotheken- und Pfandbriefbank AG and Braunschweig-Hannoversche Hypothekenbank AG.
The Düsseldorfer Hypothekenbank AG, also known as DüssHyp, is a mortgage bank based in Düsseldorf that specializes in government and real estate financing. Refinancing takes place through issuing bonds via the capital market.
DSK Hyp AG is the German subsidiary of one of the largest Swedish banks, the Skandinaviska Enskilda Banken (SEB).
The Bundesverband der Deutschen Luft- und Raumfahrtindustrie (BDLI) is a German association of companies and institutions in the aerospace industry with its headquarters in Berlin, Germany.
The Sparkassen-Finanzgruppe is a network of public banks that together form the largest financial services group in Germany and in all of Europe. Its name refers to local government-controlled savings banks that are known in German as Sparkasse, plural Sparkassen. Its activity is overwhelmingly located in Germany.
Münchener Hypothekenbank eG is a mortgage bank under the legal form of a registered cooperative. The shareholders of MünchenerHyp are other cooperative banks and approximately 60,000 cooperative customers. MünchenerHyp is a member of the Verband deutscher Pfandbriefbanken, of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) and of the Bavarian Cooperative Association. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.
