Compensation and Incentives in Mortgage Lending

To begin with, the word mortgage when mentioned in any context brings about the meaning of a security interest in real property held by a lender as a security for a debt. It is usually in form of a loan or money. In connection to this, it can be best termed as a lender’s security […]

Mortgage – College Essay

Mortgage loans are available in several types especially in the residential arena. The vast number of different real estate financing products means that it is becoming more complex for borrowers to choose between. Fixed rate mortgages are expected to be the staple of mortgage loans going into the future as banks move to restrain from […]

Changes at Scout Mortgage

Scout Mortgage is a private mortgage company in Scottsdale, Arizona owned by John Mangels and Steve Walsh (Hellriegel & Slocum, 2009). During the real estate boom, the company grew very fast and funded more than $600 million in mortgages and employed 25 loan officers and 25 support staff (Hellriegel & Slocum, 2009). The loan officers […]

The Global Economic Environment

1) What are the causes behind the U.S. Subprime mortgage crisis? Is one cause more responsible than another? The first and more important factor that lead to the subprime mortgage crisis was governments creation of Freddie and Fannie. This move by the government to intercede the private financial industry sector eventually lead to the US […]

First Time Homebuyers

No one really realizes the time and patience it takes to get a first time home buyers loan. The first and most critical step in homeownership is getting the right mindset. This principally involves making all the key financial decisions. The current financial situation of the person will determine the amount to be spent on […]

Litonjua V. L&R Corporation

Litonjua obtained loans from L&R Corporation secured by a mortgage. Without knowledge of L&R, Litonjua sold to PWHAS the parcels of land they had previously mortgaged to L & R Corporation. When Litonjua defaulted in the payment of their loans, L & R Corporation initiated extrajudicial foreclosure proceedings and L & R Corporation was the […]

Business ethics – countrywide financial

Countrywide Financial began in 1969 and by 2000 was one of the nation’s largest lenders (Ferrell, 2010). In the late 1990’s and early 2000’s, Countrywide Financial offered subprime mortgage loans. Subprime mortgage loans were loans that were offered to people who would not ordinarily be able to qualify for conventional loans because of income, lack […]

Adjustable Rate Mortgage (ARM)

Adjustable Rate Mortgage (ARM) is a loan, the interest rate of which is adjusted periodically with changing the base interest rate or an index. To understand it better one should first understand a mortgage loan.

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