Chapter 8 of the textbook started by highlighting how securities market is essential most particularly in the U.S market and how in terms of dollars, institutions like banks, insurance companies as well as some other intermediaries are more important and considered than the stocks and bonds markets. We understand that the actions occur behind closed doors of lenders such as the bank even though the market attracts media attention due to its relatively transparent style. We see countries such as the U.S, Germany Japan, and Canada stock exchange "equity" only account for only 12 percent of outside financing. But, nonbank financial companies and banks account throughout mortgage for considerable amount of external financing of three of those…
From 2008 through 2012, 481 FDIC insured banks were either liquidated or merged with healthier institutions. Credit Unions saw 136 involuntary liquidations or assisted mergers at the hands of the National Credit Union Share Insurance Fund. In 2009, Credit Unions saw their delinquency for mortgage loans peak at 1.61 percent compared to 8.86 percent at the banks. Many of the largest corporate credit unions in the United States invested in troubled mortgage-backed securities which resulted in record declines in value and effectively rendering five of these institutions bankrupt.…
a. Who will pay for management, monitoring, and depredation activities? - Funding through sales of hunting license and tag fees and cost-sharing with landowner and non-governmental organizations. - About 16% of CDFW’s funding comes from tax dollars in the state General Fund and about 20% comes from hunting and fishing license fees. Other sources include endangered-species tax checkoff funds, environmental license plate sales, fees, fines or mitigation, voter-approved bond measures, federal grant programs, and donations. b. How much will it cost?…
If I was the CEO of Countrywide Financial, I would incorporate a strict protocol regarding guidelines on income, appraisals, and documentation. I would use this protocol to structure the evaluations of salespeople to prevent them from making unethical loans to borrowers to simply receive increased compensation. I would structure the evaluations of salespeople to account for documentation verification. This verification process would total 85% of their total evaluation score. By increasing the percentage of the verification process, the salesforce would be inclined to follow strict procedures to ensure all guidelines are met.…
Good Morning Guy, Thank you for your email. I have included Alicya Wix, your licensed mortgage banker, to this email for further assistance and visibility. You may expect a follow up within 24 business hours. Alycia can also be contacted directly at: 800-226-6308 ext. 50573 or by email alicyawix@quickenloans.com. Please let us know if we can assist you with anything further Have a great day!…
Coast Capital Saving’s unique “for youth, by youth” approach for community programs is something that I strongly agree with and admire. As a youth who is interested in business and financial literacy, I am impressed by and greatly appreciate the bounds Coast Capital Saving’s has taken to enrich youth and build richer futures. Hearing stories from friends and teachers about how impactful the Youth Team program is, — enabling youth to garner skills in leadership and financial literacy, while giving back to the community — has immensely piqued my interest. I believe my sanguine outlook, assiduity, and exceptional teamwork skills will qualify me as beneficial addition to the Coast Capital Youth Team.…
Countrywide wrote so many subprime loans, due to their nature as an apathetic culture (Ferrell, Fraedrich, & Ferrell, 2013). They demonstrated very little interest to their employees and customers. In fact, they did not care how their employees deceived minorities and low-income borrowers into getting subprime loans, even if they were a high risk of not repaying the loans. Countrywide was willing to substitute good ethical conduct for unethical conduct to maximize their profits, regardless of how much the loan costed their customers (Ferrell, et al, 2013). Countrywide has an incentive to make the highest profits possible and become the largest subprime lender in the U.S. (Morgenson, 2007).…
Arbor's Oklahoma City Office Originates Nearly $30 Million in Loans Arbor Commercial Mortgage, LLC (“Arbor”), national direct commercial real estate lender, announced in November that it funded six loans totalling nearly $30 million. Under the Fannie Mae DUS Small Loan, Freddie Mac Small Balance Loan, and FHA 223(f) programs, the mortgage company was able to secure the funding across multiple cities in Michigan -- with Vice President Mike Jehle of Arbor’s Oklahoma City office originating the loans. Said Jehle, “Arbor has the nationwide expertise that is required to meet borrower demands no matter where they do business, including the growing multifamily markets found throughout the country.” This comes after much news of Arbor’s hundreds…
1. Looking at the bank’s balance sheet (report B01), what is your assessment of its overall situation? Do you observe any trends that appear especially favorable or unfavorable? The bank’s balance sheet shows trends that are both favorable and unfavorable.…
Capital Structure Debt and equity are the principal components of a company’s long term capital and capital structure describes this composition (combination of debt and equity) of the company’s permanent/long term capital. Capital structure is an indicator of how a firm finances its overall operations and growth using the different sources of funds available. It is a mix of long-term debt, short-term debt, common equity and preferred equity. Debt is in the form of bond issues or long-term notes payable while equity can be common stock, preferred stock or retained earnings. The proportion of short and long term debt is considered while analyzing the capital structure.…
Discussion Points 1. To what extent are CORE Credit Union’s networks as converged? Identify and briefly describe additional network convergence opportunities. A1. The Core Credit Union initially used traditional methods of financial transactions.…
JPMorgan Chase is an American multinational bank and holding company. That provide the financial services to different sectors of the country. Headquarter of the bank in in New York City. This bank is the largest bank of United States that extends its operations in different cities of the state. By comparing its assets with the all the banks of the world, this ban ranks in 16th position.…
Corporate Finance and Applications Fall 2016 Professor R.A. Michelfelder, Ph.D. 52:390:310 December 14, 2016 Due: Tuesday, December 20, 2016 11:59 PM by Email FINAL EXAMINATION Please briefly respond to all of the following questions on each page. There are 6 pages of questions. This is a take-home examination.…
The company I have selected to evaluate for its Corporate Social Responsibility (CSR) is Chase. This powerful banking organization has been a cornerstone in the banking world for years and given the already tepid public opinion towards wealthy institutions it is no wonder that Chase has been listed on American 's list of the most despised companies. Recent developments have not aided their case. In the ensuing essay, I will evaluate various aspects of the business as well as explain where this hatred is stemming from.…
Reflection Paper This semester I learned about several resources and information about me that has helped me choose my major and that will benefit me in the future. My interest in technology has allowed me to consider taking classes in computer science and MIS. My interest in creating Excel documents has allowed me to organize my school work and spending habits, which allows me to spend more time focusing on other things. These interests are important to me because they help make my life easier.…