Fannie Mae Case Study

Activity mode aims to provide quality study notes and tutorials to the students of HRM 595 Week 5 Case Study 1 Capital Mortgage in order to ace their studies.

The agent provided several images and a text into the listing. It had the Incentive Offer available noting that Fannie Mae was offer an incentive for selling agents whose buyers purchased and closed on a selected HomePath property.

"The Wall Street Journal" found that the current bond yields were 0.20. These bonds are issued by the US government. In view of the fact that Fannie Mae Securities is a mortgage-backed securities issued by FNMA. We have observed that Fannie Mae and Treasury yields are somewhat different because FNMA Personal Securities and Treasury bonds are issued by the US government. Therefore, we note that there should be some difference between the two rates. As a result, Fannie Mae gets money from investors and financial institutions and sells their mortgages.

Pursuant to 19 CFR 174, a protest is being filed on behalf of the importer of record, Schlosser Forge Company. The refund amount requested is $47.81 in duties previously paid. Expeditors is acting on behalf of the importer pursuant to a power of attorney.

Definition: The Savings and Loans Crisis was the greatest bankcollapse since the Great Depression of 1929. By 1989, more than 1,000 of the nation's Savings and Loans (S&Ls) had failed. This effectively ended what had once been a secure source of home mortgages.

The barriers to enter seems to be on the medium scope of the analysis and this is because to enter the mortgage market there are many regulations set by government and other institutions to guarantee the clarity and transparency of the loans. Also, to enter this specific market there is the need for high capital investment which in todays economic is hard to achieve.

During the great depression in 1934 many people didn’t have jobs. Not having jobs meant that it would be awfully hard for them to obtain a loan from banks in order to purchase homes. The government decided to help the American people by creating the Federal Housing Administration (FHA) which basically stepped in and allowed banks to offer mortgages to more people with the promise that the banks would get their money back. The FHA finances itself with insurance premiums that they charge borrowers as well as interest that they receive on reserves. They use these funds to underwrite more loans which helps out people with their mortgages.

Throughout the conversation, Colby never mentioned that the home was in First Look and that Fannie Mae would not accept offers from investors during this period. Colby provided limited information about the home and did not mention the neighborhood or the surrounding area. When asked, Colby paused to reference the property file and informed me that it needed work, which included carpet, paint, kitchen appliances, and ceiling work. I asked, "Are there other offers?" He paused to reference the property file and then informed me that there was not. I asked, "Is the power on?" He paused and then informed me that it was. Colby answered my questions about the home clearly.

Daniel’s conduct as a director of Berle Saving & Loan Association was not ethical. The problem stems from his background as being both a director for one company while being a business partner of Josh and Brad. This causes a conflict because there is an interlocking directorate. Daniel is in a high position in Berle where he is able to influence decisions made towards his own interests. Since he is a business partner of Josh, he overstepped his boundaries to help Josh and Brad. With this intention, he personally arranged for a $900,000 credit line from Berle to Josh. No one probably questioned Daniel’s actions since he is a director of the board. He is allowed to do as he pleases. However, Josh and Brad failed to pay this loan and the federal

On Wednesday, October 18, 2017, at 11:00 AM, the Investigator arrived at the American Lending Offices, at 2900 Bristol St., Suite H-202, Costa Mesa, CA 92626. We received Mr. Mina Samaann’s r/s. Mr. Samaann confirmed the American Lending LLC, received applied and authorization through a construction permit approved on November 28, 2016, by the City of Costa Mesa to proceed with interior construction at their Bristol Street address. The license was required through the city’s Code Enforcement Division before any work can begin at the already built structure. He claimed construction did not start until the second week of December 2016, which he monitored the progress of the development each day. The sub-contractors he hired assumed responsibility

The reporter received a call from Ms. Merriweather on 09/01/15 stating on 08/31/15 her daughter told her that her father has forced her to have sex. The reporter met with Fannie but the child was withdrawn and did not disclose much information about the allegations. During a meeting with the child on 09/01/15, Fannie told Ms. Reed she did not want to discuss the issue but told her it happened once; the specific details are unknown. It’s unknown when the child last visited her father but she last had contact with him this past summer. Fannie lives with her mother primarily and has occasional visits with her father. It’s unknown if Fannie has been taken to see a doctor at this time but her mother mentioned she will be taking Fannie for an examination.

A community credit union is a financial cooperative operating to lend money to its members. The constituents of a mutual organization put money into a collective, where it may then be disbursed to members in need of loans, at agreeable rates and with good terms. By eliminating the need to turn a profit, mutual organizations are able to give lower rates on loans than traditional banking organizations.

On the tedious days of October 1929, one of the longest economic hysteria’s began that changed the world as we know it. Starting in the United States, and later on consuming the entire nation worldwide; the great depression uprose in the industrialized western world. There was not a single factor that caused the depression, yet a combination of events. In autumn of 1929 the great bull “ market began to fall apart, first on the 29th of October and again on the 23rd”. To restore the public’s confidence in stock companies and big bankers they decided to conspicuously buy up the stocks in an effort to save the market. This failed; “sixteen million shares of stocks were traded; the industrial index dropped forty-three points; stocks in many companies

Answering the Customer Service hotline for the Emergency Mortgage Assistance Program from the Connecticut Housing Finance Authority. Mailing out loan applications for Emergency Mortgage Assistance Program from the daily call script. Preparing and processing loan files for new applicants. Mailing out loan application confirmation letters, running credit reports and running house appraisals. Mailing out appeals letters, denial letters and submitting completed files for scanning.

The home had the “New” logo stating that the Fannie Mae-approved repair contractors had performed certain repairs. The agent provided images and a text into the listing. The images were of very good quality. In addition, one of the front exterior images appeared to be a duplicate.