Mortgage Fraud If a rash of armed bank robberies swept across America next year, and if in these robberies criminals absconded with $30 billion dollars, one may be certain that a public panic would ensue. The banking system would likely be changed f Continue Reading...
Mortgage Fraud Mortgage fraud is said to occur when fabrication or omission of important facts on the part of prospective homebuyers, lenders or sellers results in the approval of mortgage loans or terms applicants would usually not be entitled to en Continue Reading...
Mortgage Crisis The Mortgage Meltdown and the U.S. Economy This paper reviews the subprime mortgage crisis and its effect on the U.S. economy. The subprime mortgage crisis first gained the public's attention when a steep rise in home foreclosures Continue Reading...
The 30-year provides simplicity and a sense of security for the buyer which an ARM with its potential for rate changes may not. For now the 30-year is here to stay as "Fannie, Freddie and other federal programs now support roughly 90% of new mortgag Continue Reading...
This is one of the biggest causes that contributed to the financial crisis. Where, the lack of ethical standards within the industry, helped to cause a number of executives from: loan officers to real estate appraisers, to engage in predatory and il Continue Reading...
My student loan payments of $609.07 are scheduled to begin May 1, 2009. I do not have the resources to make these payments and Chapter 7 Bankruptcy does not affect student loans. Since I have been stretched beyond my financial capacity, I am now co Continue Reading...
Fraud and the Elderly Elderly Fraud Victimization Prevalence and Predictors of Fraud Victimization among the Elderly Prevalence and Predictors of Fraud Victimization among the Elderly Applied Research and Consulting (ARC, 2013) conducted a recent Continue Reading...
Financial Fraud Fannie Mae Review of Fraud Schemes within Fannie Mae 1998-2004 Scope The agency found the fraud understatements of earnings and illegal gratuities that led to accounting violations and inability to meet Wall Street goals. The inve Continue Reading...
Obama Urges Tougher Laws on Financial Fraud In the wake of the Wall Street bank bailouts and the various security fraud cases that have occurred nationally the Obama administration has been under pressure to enact new legislation that effectively pr Continue Reading...
IT Fraud Evaluate the factors that add to corporate fraud The business fraud can be credited to conditions emerging from deceptive monetary reporting and misappropriation of possessions. These conditions are 3 and all 3 features of the fraud triang Continue Reading...
Rite Aid Fraud Over the years, there have been numerous cases of financial fraud perpetuated within the organizational mainstream of major companies. Financial fraud is often a well-coordinated sort of white-collar crime that often -- but not always Continue Reading...
Countrywide Accounting Fraud In the year 1969, David Loeb moved to NY from Virginia to begin a home loan and advance organization named as "United Mortgage Servicing." He was joined by his trusted aide Angelo Mozilo. Both shared common dreams of big Continue Reading...
Goldman Sachs Forensic accounting Fraud at Goldman Sachs The recent recession and financial scandal brought to light many unethical, illegal, and quasi-legal practices of the major investment firms. One example of this was the Goldman Sachs securi Continue Reading...
Monetary Policy and Mortgages The businesses of mortgages lead to their own problems. Recently it was stated by the attorney for the Western District of Missouri that the owner of a mortgage invest company and three employees of Ameriquest Mortgage Continue Reading...
Insurance Fraud After tax evasion, insurance fraud is considered the highest-ranked among white-collar crimes. The original concept of insurance, as a for-profit endeavor, was to collect funds from a large number of people to pay for damages and acc Continue Reading...
The term "adjustable-rate mortgage" describes any mortgage with an interest rate and payments that adjust according to some formula agreed upon by the borrower and lender. ARMs have been generally available to borrowers for about three decades on pr Continue Reading...
Further, many home owners lost their homes due to foreclosure and this impacted the society in a negative way. The stock markets were no exception to this problem and most companies saw their stock prices dive down. This prevented them from accessi Continue Reading...
President George Bush proposed a two part strategy with initial implemented drug coverage to low-income beneficiaries coupled with a White House task force to develop a plan to reform Medicare (Health Policy, 2001). Under this plan beneficiaries wit Continue Reading...
Countrywide Financial Corporation and the Subprime Mortgage Debacle In 2006, the world discovered that Countrywide Financial and other lenders had been promoting mortgages practices that were not impractical, they were criminal. Countrywide was one Continue Reading...
ethical and legal issues regarding sub-prime mortgage lenders. Unfortunately, the focus has been inordinately upon the poor individuals who were exploited by accepting these predatory and exploitive loans o highlight & copy (Goolsbee, 2007) . Si Continue Reading...
Worldcom financial disaster provided many substantial learning points while helping expose the importance of accuracy and integrity in accounting procedures and standards. Eight years ago, when the true nature of the rise and fall of this telecommuni Continue Reading...
Why Did Mortgage Lenders Lend to Subprime Customers? The growth of the subprime market owes itself to an influx of international and hedge fund investors who were increasingly separated from the final mortgagees. Banks and savings and loan institu Continue Reading...
What caused the subprime mortgage crisis and what was the result of the Treasury's and Federal Reserve's response to that crisis? Most people are familiar with the overall story of events leading up to 2008. They may have seen the film The Bi Continue Reading...
Bailing out the American economy: Banks vs. mortgage-Holders In 2008, the United States teetered on the brink of an economic crisis. If the United States were to suffer a financial meltdown, the global economy could spiral downward in a manner unpre Continue Reading...
However, some of the most difficult ethical issues involve speculative homebuyers who did not misrepresent their financial qualifications but who understood enough about the housing market and the direct connection between wide-scale mortgage fraud Continue Reading...
Fannie Mae Scandal Fannie Mae is the second largest government sponsored U.S. financial institution engaged in mortgage finance after Citigroup Inc. An investigation lasting for eight long months by the Office of Federal Housing Enterprise Oversight Continue Reading...
Obama says: "Ensure More Accountability in the Subprime Mortgage Industry: Obama has been closely monitoring the subprime mortgage situation for years, and introduced comprehensive legislation over a year ago to fight mortgage fraud and protect con Continue Reading...
Public Programs Over the last several years, the total amounts of spending for the federal government has been continually brought to the forefront. This is because of the high trade deficits and national debt is having an impact on how various ser Continue Reading...
Online Dating Scams and Its Role in Identity Theft ONLINE DATING SCAMS AND IDENTITY THEFT The increased use of the Internet in modern communications has contributed to the emergence of cyberspace, which has become an alternative medium for developi Continue Reading...
Throughout most of the 20th Century, organized crime accounted for a tremendous economic costs passed along to consumers, particularly (but hardly exclusively) in large cities like New York, and Chicago, among many others. Originally formed in this Continue Reading...
One can also set up policies and procedures to respond to and reduce the effects of the loss or damage to ones it environment (Capability: Security Process, 2012). The assess phase should decide the fitting security needs for an organization and wh Continue Reading...
Marketing Plan for a KW Service Designed to Generate New Clients Product Idea The product idea for this marketing plan is a service that Keller Williams could provide to potential home buyers/investors that no other competitor is currently offering Continue Reading...
Clearly the Secret Service is expanding it's investigative arm; in 2010 the Service established it's second overseas Electronic Crimes Task Force (ECTF), this one in London (in 2009 the Service established an ECTF in Rome, Italy). The point of the Continue Reading...
Keller Williams I would like to work for Keller Williams Realty Services. Keller Williams has the best training program in the world and is the number one realty services provider in North America in terms of agents attached to the franchise (Larcke Continue Reading...
Organized Crime in Canada Each year, the Criminal Intelligence Service Canada (CISC) creates an organized crime report to inform the public of organized crime activities and markets in Canada. The nature of such activity is evolving -- new threats, Continue Reading...
There is little information with respect to the fees that the buyer might face. The Fannie Mae site also offers very little advice with respect to when to buy a home. From this, one can interpret that Fannie Mae's constituents do not view home owne Continue Reading...
Conclusion Universal expects to continue its growth. It initially spent $60 million to market Islands of Adventure and it appears the investment in advertising has paid off. "We don't need to beat Disney to be successful," said Cathy Nichols, Chai Continue Reading...
